September 1, 2015 •
Hillary Clinton Supports Financial Services Conflict of Interest Act
On August 31, in a column on the Huffingtonpost.com, Hillary Clinton announced her support for a bill to limit the revolving door between the financial sector and the federal government.
In the post, Clinton and Sen. Tammy Baldwin, the sponsor of the bill, specifically emphasized the bill would prohibit private sector employers from offering bonuses to employees when they leave to join the government.
House Resolution 3065, the Financial Services Conflict of Interest Act, also increases the prohibition on lobbying the federal government from one to two years, expands the definition of lobbying contact to include any lobbying activities and strategy, and requires senior financial service regulators to recuse themselves from any official actions directly or substantially benefiting the former employers or clients for whom they worked in the previous two years before joining federal service. The press release for the bill can be found here.
Photo of Hillary Clinton by Hillary for Iowa on Wikimedia Commons.
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