No Cashing In Act
- Bill Number
- H.R. 9563
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Status
- Introduced
- Latest Action
- 2026-06-30: Referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Last Updated
- 2026-07-06T13:38:29Z
AI-Generated Summary
Summary of H.R. 9563: No Cashing In Act
Purpose
This legislation aims to impose ongoing ethics and financial transparency requirements on former Members of Congress, specifically by extending financial disclosure obligations and linking pension benefits to restrictions on income from lobbying activities.
Key Provisions
- Annual Financial Disclosure Reports: Former Members of Congress must continue filing annual financial disclosure reports under existing federal rules for a minimum of 10 years after leaving office, or for the full duration of any annuity received, whichever period is longer.
- Annuity Reduction: The pension annuity for former Members (under federal retirement systems) will be reduced by the full amount of any income earned from a "substantial lobbying entity" in the prior year.
- Definitions:
- A "lobbyist" follows the standard definition from the Lobbying Disclosure Act of 1995.
- "Member of Congress" aligns with current federal ethics statutes.
- A "substantial lobbying entity" is defined as a company employing more than three lobbyists or spending over $10,000 annually on lobbying.
Significant Changes to Existing Law
- Extends the requirement for annual financial disclosures beyond the end of congressional service, creating a new post-employment obligation not previously mandated for former Members.
- Introduces a direct reduction in federal annuities tied to lobbying-related income, modifying how pensions under chapters 83 and 84 of title 5, United States Code, are calculated and disbursed.
- Establishes a new category of "substantial lobbying entity" to trigger these reductions, adding specificity to existing lobbying regulations.
Potential Impacts
- On government agencies: Increases administrative workload for the Committee on House Administration and the Committee on Oversight and Government Reform in overseeing compliance and enforcement of disclosures and annuity adjustments.
- On citizens: Primarily affects former Members of Congress by requiring continued reporting and potentially lowering their retirement income if they engage in certain lobbying work; may indirectly influence lobbying industry practices.
- On international relations: No direct provisions or effects identified in the legislation.
Main Stakeholders Affected
- Former Members of Congress, who face extended disclosure duties and possible pension reductions.
- Lobbying firms and entities meeting the "substantial" threshold, due to potential restrictions on hiring or compensating former Members.
- Federal retirement and ethics oversight bodies responsible for implementing annuity changes and report reviews.
Notable Legal, Constitutional, or Political Implications
- Raises questions about the constitutionality of reducing earned federal annuities based on post-employment activities, though the bill frames this as an ethics safeguard.
- Builds on existing ethics laws (such as those in title 5, United States Code) without altering core lobbying disclosure rules but adding enforcement mechanisms through financial penalties.
- Politically positioned to address concerns about former officials transitioning to high-paying lobbying roles.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Cosponsors (1)
Recent Actions
- 2026-06-30: Referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2026-06-30: Referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2026-06-30: Introduced in House
- 2026-06-30: Introduced in House
Bill Versions
- No Cashing In Act — issued 2026-06-30 — PDF (2 pages)