H.R.4093 - Presidential Allowance Modernization Act112th Congress (2011-2012)
|Sponsor:||Rep. Chaffetz, Jason [R-UT-3] (Introduced 02/28/2012)|
|Committees:||House - Oversight and Government Reform|
|Latest Action:||02/28/2012 Referred to the House Committee on Oversight and Government Reform. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4093 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (02/28/2012)
Presidential Allowance Modernization Act - Revises provisions relating to presidential pensions to allow former Presidents an annuity of $200,000 and an additional monetary allowance of $200,000 per year. Reduces such pension by the amount that a President's adjusted gross income in a taxable year exceeds $400,000.
Increases from $20,000 to $100,000 the annual annuity of a surviving spouse of a former President.