Presidential Allowance Modernization Act of 2025

Summary

Presidential Allowance Modernization Act of 2025 This bill changes the compensation provided to future former Presidents and increases the compensation for the widow or widower of a future former President. Currently, former Presidents receive an allowance equivalent to the annual rate of basic pay of the head of an executive department ($250,600 in 2025), as well as government-provided office space and office staff. Under the bill, individuals who become former Presidents after enactment shall annually receive from the United States an annuity of $200,000 and a monetary allowance of $200,000. The allowance shall be reduced by the amount the former President's adjusted gross income and interest on certain tax-exempt bonds exceeds $400,000 (although the reduction may be decreased to account for certain security-related expenditures). Both the annuity and allowance shall receive annual cost-of-living increases. The annuity and allowance shall not be payable for any period during which the former President holds a federal government position with a rate of pay other than a nominal rate.  Other changes made by the bill include (1) removing a statutory provision specifying that former Presidents receive government-provided office space and office staff, and (2) increasing from $20,000 to $100,000 the annual allowance for surviving spouses of individuals who become former Presidents after enactment and providing annual cost-of-living increases for such allowance.

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2 official files

• Introduced in Senate

  Introduced in Senate · EN · 12 February 2025

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 12 February 2025

  Open at official source

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