H.R.248 - Presidential Allowance Modernization Act113th Congress (2013-2014)
Summary: H.R.248 — 113th Congress (2013-2014)
Introduced in House (01/15/2013)
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.