A House panel has approved a bipartisan bill that would limit expenses for former presidents who earn more than $400,000 a year.

Former presidents receive a pension of more than $200,000 a year, plus annual expenses that can add up to more than $1 million for office space and other costs.

On a voice vote, the House Oversight panel backed the measure on Tuesday to limit taxpayer dollars for expenses, including travel.

Former President Bill Clinton received $950,000 from taxpayers last year, while George W. Bush received $1.3 million, mostly for office space.

Both Clinton and Bush have earned millions in speaking fees since leaving office. Clinton and former first lady Hillary Rodham Clinton said they earned more than $30 million since January 2014.

(AP)