,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #bdh  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #ae1 #bjac    
,mr4 ,*affetz 7= himself & ,mr4 ,g[dy7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ov]sight & ,gov]nm5t  
,re=m  ,a ,,bill  ,to am5d ! ,act (     
,augu/ #be1 #aieh1 commonly kn[n z !    
,=m] ,presid5ts ,act ( #aieh1 ) respect 
to ! monet>y all[ance payable to a =m]  
,presid5t1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,presid5tial ,all[ance ,mod]nization    
,act4  #b4 ,am5dm5ts  7a7 ,relat+ to a  
=m] ,presid5t ,! fir/ section ( ! ,act  
entitl$ ,an ,act to provide retirem5t1  
cl]ical assi/ants1 & free mail+         
privileges to =m] ,presid5ts ( ! ,unit$ 
,/ates1 & = o!r purposes1 approv$ ,augu/
 #be1 #aieh 7#c ,u4,s4,c4 #ajb note71 is
 am5d$ by /rik+ ! matt] be=e subsection 
7e7 & ins]t+ ! foll[+3  7a7 ,ea* =m]    
,presid5t %all be entitl$ = ! rema9d] ( 
8 or h] life to receive f ! ,unit$      
,/ates--  7#a7 an annuity at ! rate (   

#bjj1jjj p] ye>1 subject to subsection  
7c72 &  7#b7 a monet>y all[ance at !    
rate ( #bjj1jjj p] ye>1 subject to      
subsections 7c7 & 7d74  7b7 7#a7 ,!     
annuity & all[ance "u subsection 7a7    
%all ea*--  7,a7 comm5ce on ! day aft] !
 individual becomes a =m] ,presid5t2    
7,b7 t]m9ate on ! la/ day ( ! mon? be=e 
! =m] ,presid5t dies2 &  7,c7 be payable
 by ! ,secret>y ( ! ,treasury on a      
mon?ly basis4  7#b7 ,! annuity &        
all[ance "u subsection 7a7 %all n be    
payable = any p]iod dur+ :i* ! =m]      
,presid5t holds an appo9tive or elective
 position 9 or "u ! ,f$]al ,gov]nm5t or 
! gov]nm5t ( ! ,di/rict ( ,columbia to  
:i* is atta*$ a rate ( pay o!r ?an a    
nom9al rate4  7c7 ,effective ,decemb] #a
 ( ea* ye>1 ea* annuity & all[ance "u   
subsection 7a7 hav+ a comm5cem5t date t 
prec$es su* ,decemb] #a %all be increas$
 by ! same p]c5tage z ! p]c5tage by :i* 
b5efit am\nts "u title ,,ii ( ! ,social 
,security ,act 7#db ,u4,s4,c4 #dja &    
foll[+7 are increas$1 effective z ( su* 

,decemb] #a1 z a result ( a det]m9ation 
"u section #bae7;i7 ( su* ,act 7#db     
,u4,s4,c4 #dae7;i774  7d7 7#a7 ,not)/&+ 
any o!r provision ( ?is section1 !      
monet>y all[ance payable "u subsection  
7a77#b7 to a =m] ,presid5t = any        
#ab-mon? p]iod may n exce$ ! am\nt by   
:i*--  7,a7 ! monet>y all[ance :i* 7b = 
?is subsection7 w\ld o!rwise be s       
payable = su* #ab-mon? p]iod1 exce$s 7if
 at all7  7,b7 ! applicable r$uction    
am\nt = su* #ab-mon? p]iod4  7#b7 7,a7  
,= purposes ( p>agraph 7#a71 !          
applicable r$uction am\nt is1 ) respect 
to any =m] ,presid5t & 9 connection )   
any #ab-mon? p]iod1 ! am\nt by :i*--    
7i7 ! sum ( 7,i7 ! adju/$ gross income  
7z def9$ by section #fb ( ! ,int]nal    
,rev5ue ,code ( #aihf7 ( ! =m] ,presid5t
 = ! la/ taxable ye> end+ be=e ! />t (  
su* #ab-mon? p]iod1 plus 7,,ii7 any     
int]e/ exclud$ f ! gross income ( ! =m] 
,presid5t "u section #ajc ( su* ,code = 
su* taxable ye>1 exce$s 7if at all7     
7ii7 #djj1jjj1 subject to subp>agraph   

7,c74  7,b7 ,9 ! case ( a jo9t return1  
subclauses 7,i7 & 7,,ii7 ( subp>agraph  
7,a77i7 %all be appli$ by tak+ into     
acc\nt bo? ! am\nts prop]ly allocable to
 ! =m] ,presid5t & ! am\nts prop]ly     
allocable to ! sp\se ( ! =m] ,presid5t4 
7,c7 ,! doll> am\nt specifi$ 9          
subp>agraph 7,a77ii7 %all be adju/$ at !
 same "t t1 & by ! same p]c5tage z !    
p]c5tage by :i*1 ! monet>y all[ance ( ! 
=m] ,presid5t is increas$ "u subsection 
7c7 7disreg>d+ ?is subsection74  4  7b7 
,relat+ to ! surviv+ sp\se ( a =m]      
,presid5t  7#a7 ,increase 9 am\nt (     
monet>y all[ance ,subsection 7e7 ( !    
section am5d$ by subsection 7a7 is      
am5d$--  7,a7 9 ! fir/ s5t5ce1 by /rik+ 
#bj1jjj p] annum1 & ins]t+ #ajj1jjj p]  
ye> 7subject to p>agraph 7#d7712 &  7,b7
 9 ! second s5t5ce--  7i7 9 p>agraph    
7#b71 by /rik+ & at ! end2  7ii7 9      
p>agraph 7#c71 by /rik+ ! p]iod & ins]t+
 2 &2 &  7iii7 by add+ aft] p>agraph    
7#c7 ! foll[+3  7#d7 %all1 aft] its     
comm5cem5t date1 be increas$ at ! same  

"t t1 & by ! same p]c5tage z ! p]c5tage 
by :i*1 annuities ( =m] ,presid5ts are  
increas$ "u subsection 7c74  4  7#b7    
,cov]age ( wid[] ( a =m] ,presid5t ,su* 
subsection 7e71 z am5d$ by p>agraph     
7#a71 is fur!r am5d$--  7,a7 by /rik+   
wid[ ea* place x appe>s & ins]t+ wid[ or
 wid[]2 &  7,b7 by /rik+ %e & ins]t+ %e 
or he4  #c4 ,rule ( con/ruction ,no?+ 9 
?is ,act %all be consid]$ to affect--   
7#a7 any provision ( law relat+ to !    
security or protection ( a =m] ,presid5t
 or a memb] ( ! family ( a =m]          
,presid5t2 or  7#b7 fund+1 "u ! law     
am5d$ by ?is section or "u any o!r law1 
to c>ry out any provision ( law describ$
 9 p>agraph 7#a74  #d4 ,effective date2 
transition rules  7a7 ,effective date   
,?is ,act %all take effect on ! date (  
enactm5t ( ?is ,act4  7b7 ,transition   
rules  7#a7 ,=m] ,presid5ts ,9 ! case ( 
any individual :o is a =m] ,presid5t on 
! date ( enactm5t ( ?is ,act1 ! am5dm5t 
made by section #b7;a7 %all be appli$ z 
if ! comm5cem5t date ref]r$ 9 subsection

 7b77#a77;,a7 ( ! section am5d$ by ?is  
,act co9cid$ ) su* date ( enactm5t4     
7#b7 ,wid[s ,9 ! case ( any individual  
:o is ! wid[ ( a =m] ,presid5t on ! date
 ( enactm5t ( ?is ,act1 ! am5dm5ts made 
by section #b7;b77#a7 %all be appli$ z  
if ! comm5cem5t date ref]r$ to 9        
subsection 7e77#a7 ( ! section am5d$ by 
?is ,act co9cid$ ) su* date ( enactm5t4