S. 534 seeks to amend the Former Presidents Act of 1958 to adjust the monetary benefits a former President receives. The bill proposes setting the annual annuity and allowances for former Presidents at $200,000. It introduces limitations to this allowance based on the former...
Simple Explanation
The bill wants to change the rules about how much money former Presidents and their spouses are given each year. It sets a specific amount they can receive, but it also suggests that this money could be adjusted if the former President earns more or if prices go up over time.