H.R.1496 - Presidential Allowance Modernization Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. Hice, Jody B. [R-GA-10] (Introduced 03/05/2019)|
|Committees:||House - Oversight and Reform|
|Committee Meetings:||03/26/19 10:00AM|
|Latest Action:||Senate - 10/17/2019 Received in the Senate. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1496 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (03/05/2019)
Presidential Allowance Modernization Act of 2019
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.