Will Cutting Retirement Funds Stop Lobbying By Former Members Of Congress?
Yesterday, U.S. Representative Steve Israel introduced H.R. 5737, legislation that would remove federal retirement benefits for any “former Member of Congress receiving compensation as a highly-paid lobbyist”. Many former members of Congress, such as Newt Gingrich, make a killing using their connections as lobbyists to help corporate clients get special access, so that laws may be written in a way that’s profitable to them.
Reading this bill, I have two questions:
1. What if former members of Congress become lobbyists but are not highly paid?
2. Would H.R. 5737 stop retired members of Congress from becoming lobbyists?