Presidential Allowance Modernization Act of 2017

Bill 115 hr 3739, also known as the Presidential Allowance Modernization Act of 2017, aims to update and modernize the allowances provided to former Presidents of the United States. The bill seeks to make changes to the pensions, office space, and staff allowances that are currently provided to former Presidents.

Specifically, the bill proposes to cap the pension amount for former Presidents at $200,000 per year, with an additional $200,000 available for expenses related to office space and staff. This cap would be adjusted annually for inflation. Additionally, the bill would require former Presidents to report annually on their expenses related to office space and staff, in order to increase transparency and accountability.

The bill also includes provisions to reduce the allowances provided to former Presidents who have an adjusted gross income of $400,000 or more. In these cases, the allowances would be reduced by $1 for every dollar of income above $400,000. Overall, the Presidential Allowance Modernization Act of 2017 aims to modernize and streamline the allowances provided to former Presidents, while also increasing transparency and accountability in how these funds are used.