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H.R. 1740 (114th): No Golden Parachutes for Public Service Act

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Apr 13, 2015.


No Golden Parachutes for Public Service Act

Amends the federal criminal code to replace the current two-year ban on lobbying contacts by former Senators and one-year ban on lobbying contacts by former Members of the House of Representatives, including former elected House officers, with any Member, officer, or employee of either chamber with an outright ban at any time on such contacts, subject to fines and/or imprisonment.