S 3703 United States Senate · 117th Congress

Presidential Allowance Modernization Act of 2022

Summary

Presidential Allowance Modernization Act of 2022 This bill replaces provisions governing the compensation provided to a former President. Each former President shall receive from the United States (1) an annuity of $200,000 per year for the remainder of his or her life, and (2) a monetary allowance of $200,000 per year. Such allowance shall be reduced by the amount the former President's earned income exceeds $400,000. These monetary amounts are subject to a cost-of-living increase. The bill increases and provides for cost-of-living adjustments to the monetary allowance for surviving spouses of former Presidents.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2022

Committee Review

Floor Vote

President

Introduced Feb 17, 2022 Last action Feb 17, 2022

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 17, 2022

Committee

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

upper

Feb 17, 2022

Introduced

Introduced in Senate

upper

1 primary · 3 co-sponsors