S.1411: Presidential Allowance Modernization Act of 2016

About This Bill

Bill Sponsor

Bill Summary

Presidential Allowance Modernization Act of 2016 (Sec. 2) This bill revises provisions relating to presidential pensions to allow former Presidents a lifetime annual annuity of $200,000 and an additional annual monetary allowance of $200,000, each adjusted annually for cost-of-living increases as provided by the Social Security Act. It reduces the annual monetary allowance by the amount that a former President's adjusted gross income in a...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for S.1411.

Bill Actions

Date Description
June 7, 2016
Placed on Senate Legislative Calendar under General Orders. Calendar No. 507.
June 7, 2016
Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson with an amendment in the nature of a substitute. With written report No. 114-271.
Feb. 10, 2016
Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
May 21, 2015
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
May 21, 2015

Introduced in the Senate by Joni Ernst (R-Iowa)

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