{"database": "press", "table": "releases", "rows": [["https://nunn.house.gov/2026/07/01/nunn-pappas-introduce-bill-to-cut-pensions-of-former-lawmakers-who-cash-in-as-lobbyists/", "Nunn, Pappas Introduce Bill to Cut Pensions of Former Lawmakers Who Cash In as Lobbyists", "2026-07-01", "2026", "2026-07", "Republican", "House", "IA", "Zachary Nunn", "N000193", "nunn.house.gov", "nunn", "https://nunn.house.gov/category/news/press-releases/", "scraper", "WASHINGTON, D.C. \u2014 Representatives Zach Nunn (IA-03) and Chris Pappas (NH-01) today introduced the No Cashing In Act, bipartisan legislation to increase transparency and accountability for former Members of Congress who become lobbyists after leaving public service while continuing to receive taxpayer-funded congressional pensions.\n\n\u201cPublic service should never become a stepping stone for personal profit,\u201d said Rep. Nunn. \u201cFirst in the Iowa Statehouse and now in Congress, I\u2019ve fought to ban stock trading and close Washington\u2019s revolving door because Iowans deserve representatives who treat public service as a public trust \u2014 not a chance to cash in on insider information or land a cushy lobbying job after leaving office. This bipartisan bill builds on those efforts by bringing greater transparency and accountability to Washington.\u201d\n\nUnder current law, former Senators are prohibited from lobbying Congress for two years upon leaving office, while former Representatives face a one-year restriction. Once those cooling-off periods expire, former lawmakers may lobby on behalf of corporations, trade associations, and other special interests while continuing to collect taxpayer-funded congressional pensions. At the same time, financial disclosure requirements also end shortly after a lawmaker leaves office, hiding lobbying income from public scrutiny.\n\nThe No Cashing In Act closes those transparency gaps by requiring former Members who continue receiving a congressional pension to publicly disclose their financial interests and reducing pension payments by the amount of income earned from substantial lobbying activity.\n\nThis legislation builds on Rep. Nunn\u2019s broader efforts to restore public trust in government and increase transparency among elected officials. Rep. Nunn helped lead the bipartisan Restore Trust in Congress Act \u2014 legislation to ban Members of Congress and their immediate families from owning or trading individual stocks \u2014 and signed a discharge petition to force a House vote on the bill. He is also helping lead the Stop Insider Trading Act as an original cosponsor, legislation that would bar Members of Congress, their spouses, and dependent children from buying individual stocks. Lawmakers who violate the restrictions would face penalties of $2,000 or 10 percent of the transaction\u2019s value, whichever is greater, plus forfeiture of any net investment gains.\n\n\u201cPublic service should never lead to self-service,\u201d said Rep. Pappas. \u201cBut if it does, as is too often the case for former Members of Congress, it\u2019s unacceptable that taxpayers remain on the hook to pay out their pensions while they cash in lobbying for massive corporate interests or even for foreign governments like China, Russia, and Saudi Arabia. Our bipartisan legislation would close the revolving door and provide transparency to the public, and I urge my colleagues to join us in supporting these reforms.\u201d\n\nSpecifically, the No Cashing In Act would:\n\nRequire former Members of Congress to file annual financial disclosure reports for 10 years after leaving office or for as long as they receive a congressional pension, whichever is longer.\n\nReduce a former Member\u2019s congressional pension by the amount of income earned from working for a substantial lobbying entity.\n\nDefine a substantial lobbying entity as an organization that employs more than three lobbyists or spends more than $10,000 annually on lobbying.\n\nText of the bill can be found here.\n\n###", 1, "2026-07-02T06:20:02Z", "2026-07-02T06:21:32Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://nunn.house.gov/2026/07/01/nunn-pappas-introduce-bill-to-cut-pensions-of-former-lawmakers-who-cash-in-as-lobbyists/"], "units": {}, "query_ms": 1.2237278278917074, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}