The Reverse Revolving Door: How Corporate Insiders Are Rewarded Upon Leaving Firms for Congress

by - May 07, 2013

Recent disclosures and employment agreements reviewed by The Nation show that current leadership staff to both Democratic and Republican lawmakers have received six-figure bonuses and other incentive pay from corporate firms shortly before taking jobs in Congress. In many cases, these staffers are well positioned to influence multibillion-dollar legislation on issues ranging from tax policy to defense, and which impact their previous employers. If government officials turned lobbyists reflect a well-known “revolving door,” paying corporate employees big bucks to leave lucrative posts to take jobs in government reflect a “reverse revolving door.” Robert Walker, an attorney and former chief counsel to both the House and Senate ethics committees, told The Nation that ethics rules authorize congressional staffers to receive bonuses from prior employers as long as the money is being paid for work previously performed. Such bonuses and other financial awards are ostensibly allowed so long as they have “not been enhanced because of the individual’s congressional employment.”

The Nation

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