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Bill Targets Perks for Ex-Members of Congress Who Lobby
Representative Steve Israel (D-N.Y.) has renewed his effort to keep federal retirement benefits from former members of Congress who receive lucrative lobbying jobs.
Israel on Friday introduced the Revolving Door Pension Prevention Act, which would forbid former members from getting their federal pensions if they make more than $1 million per year as a lobbyist. The congressman last year offered a similar bill, the Congressional Double Dipping Pension Prevention Act, which died in committee.
"During these tough economic times in which governments everywhere are stretching budgets and trying to do more with less, the last people who should be receiving federal pensions are former Members of Congress who are now millionaire lobbyists," Israel said in a written statement. "My legislation will make sure that taxpayer funds are spent effectively on job-creating priorities and not supporting millionaires."
The legislation, which doesn't have any co-sponsors, is the second bill introduced in this Congress to address former members who receive federal retirement benefits as lobbyists. Representative Bill Posey (R-Fla.) in January offered a measure that would bar former members from the federal employee retirement system if they have lobbying jobs. But the bill also would deny the benefits to former congressional staffers who become lobbyists, and it doesn't have a lobbying income stipulation.
Posey's End the Congressional Revolving Door Act, which hasn't secured any co-sponsors, is pending in committee. He offered the legislation in the last Congress, where it died in committee.
This article originally appeared as a post on The BLT: The Blog of Legal Times.