The No Cashing In Act mandates annual financial disclosures from former Members of Congress and reduces their annuities if they earn income from.
The No Cashing In Act requires former Members of Congress to submit annual financial disclosure reports for ten years or the duration of their annuity, whichever is longer. It defines a "substantial lobbying entity" as a company with more than three lobbyists or spending over $10,000 on lobbying annually. The annuity of former Members of Congress is reduced by the income they receive from such entities for services rendered.
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- Legal Framework
- Critical Issues
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