H.R.3739 - Presidential Allowance Modernization Act of 2017115th Congress (2017-2018)
|Sponsor:||Rep. Hice, Jody B. [R-GA-10] (Introduced 09/12/2017)|
|Committees:||House - Oversight and Government Reform | Senate - Homeland Security and Governmental Affairs|
|Committee Reports:||H. Rept. 115-407|
|Latest Action:||Senate - 11/14/2017 Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.3739 — 115th Congress (2017-2018)All Information (Except Text)
Passed House amended (11/13/2017)
Presidential Allowance Modernization Act of 2017
(Sec. 2) This bill amends the Former Presidents Act of 1958 to to revise provisions governing the compensation provided to a former President. Each former President shall receive from the United States an annuity of $200,000 per year. The General Services Administration (GSA) is authorized to provide each former President a monetary allowance of $500,000 per year for five years beginning six months after the expiration of his or her term, $350,000 per year for the next five years, and $250,000 per year thereafter.
Such annuity and allowance shall be increased each year by the same percentage as Social Security benefits.
Such allowance shall be reduced by the amount the former President's earned income exceeds $400,000.
The bill: (1) limits the office staff provided for each former President to not more than 13 individuals, and (2) requires that suitable office space for a former President be provided on a reimbursable basis.
The increases from $20,000 per year to $100,000 per year, and provides for cost-of-living adjustments to, the monetary allowance amount for surviving spouses of former Presidents.