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?