S. 1791: Presidential Allowance Modernization Act of 2017
CBO Score
$-24,000,000
Documentation
Date of Report
Mon February 12th, 2018
CBO Report Details
Legislation Details
115th Congress
A bill to amend the Act of August 25, 1958, commonly known as the
Sponsor: Sen. Joni Ernst — R — IA
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: (1) an annuity of $200,000 per year; and (2) 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...
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