On the recordJune 12, 2018
Madam President, I come to the floor to make amendment No. 2400 pending, but it is my understanding that we are almost at an agreement on the hotline. This bill has cleared committee by voice vote and by my colleagues on the Republican side by the hotline. However, my minority counterparts have had months to look at this bill, but it has remained held up on the hotline. The bill passed the House with unanimous support and has been included in the House's NDAA bill. I call on my colleagues across the aisle to clear this bill or else I will fight for a vote on it in the NDAA. My legislation, the Presidential Allowance Modernization Act, would establish a cap on former Presidents' monetary allowances, which are currently unlimited and fund resources like office space, staff salaries, cell phone bills, and more. It would then reduce the allowance, dollar-for-dollar, by each dollar of income a former President earns in excess of $400,000. The national debt is over $20 trillion. We cannot afford to generously subsidize the perks of former Presidents to the tune of millions of dollars. The reality is that post-Presidential life already provides fruitful opportunities on its own, with former Presidents raking in tens of millions of dollars from book deals, speaking engagements, and more. Again, I call on my colleagues to support this bipartisan bill, which would save taxpayer dollars that could be used for more worthwhile causes, like our military.…





