Hillary Clinton/Tammy Baldwin Op Ed about Wall Street's revolving door.
Both of us have a track record of supporting stronger ethics rules. One of us -- Tammy -- has introduced legislation in the Senate to help close that revolving door. The other of us -- Hillary -- strongly supports this bill, and as president would crack down on conflicts of interest in government.
Right now, some private sector employers offer bonuses to employees when they leave to join the government. This bill would prohibit that. The private sector shouldn't be allowed to "pay to play" with their former employees. If you're working for the government, you're working for the people -- not for an oil company, drug company, or Wall Street bank or money manager.
Right now, government employees entrusted with oversight are required by law to recuse themselves from any cases involving their former employers for one year. That's not long enough. This bill would bump it up to two years. And for people leaving government service, this bill would prevent them from taking a job at a company they oversaw until at least two years have passed.
Right now, loopholes allow former government officials to lobby in practice, even if they aren't officially called lobbyists. They offer regulatory access to private interests as "outside advisors" or "strategic counselors." That means they can avoid legal requirements that lobbyists have to meet. This bill would clamp down on that.
http://www.huffingtonpost.com/hillary-clinton/wall-street-revolving-door_b_8064504.html?1441031416
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It addresses many of the issues that currently protect Corporations.
Thanks for sharing this.
