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To require former Members of Congress to file annual financial disclosure reports, and for other purposes.
Summary
- Requires former Members of Congress to file annual financial disclosure reports for a period of ten years or for as long as they receive a federal pension, whichever is longer.
- Reduces the federal pension annuity of former Members of Congress by the amount of lobbying income they receive from substantial lobbying entities for services rendered.
- Defines a "substantial lobbying entity" as a company that employs more than three lobbyists or spends more than $10,000 per year on lobbying activities.
- Applies the pension reduction only to income received from substantial lobbying entities, not to other types of income or lobbying work.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Pappas, Chris [D-NH-1] (D-NH)
1 cosponsor
- Rep. Nunn, Zachary [R-IA-3] (R-IA)
Actions (2)
- Jun 30, 2026 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. · house
- Jun 30, 2026 Introduced in House
Similar bills (6)
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Full text
IN THE HOUSE OF REPRESENTATIVES
June 30, 2026
Mr. Pappas (for himself and Mr. Nunn of Iowa) introduced the following bill; which was 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
A BILL
To require former Members of Congress to file annual financial disclosure reports, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “No Cashing In Act”.
SEC. 2. ETHICS REQUIREMENTS FOR FORMER MEMBERS OF CONGRESS.
(a) Annual Financial Disclosure Reports.—Any individual who serves in the position of Member of Congress, shall, after termination of employment from such position, file the annual report under section 13104 of title 5, United States Code, each year for a period of ten years or the period in which such individual receives an annuity, whichever is greater.
(b) Annuity Reduction.—The annuity under chapter 83 or chapter 84 of title 5, United States Code, for an individual described under subsection (a) shall be reduced by the amount equal to any income received in the previous calendar year by such individual from a substantial lobbying entity for services rendered to such entity.
(c) Definitions.—In this Act:
(1) Lobbyist.—The term “lobbyist” has the meaning given such term in section 3 of the Lobbying Disclosure Act of 1995 (2 U.S.C. 1602).
(2) Member of congress.—The term “Member of Congress” has the meaning given such term in section 13101 of title 5, United States Code.
(3) Substantial lobbying entity.—The term “substantial lobbying entity” means a company that has more than three lobbyists or spends more than $10,000 on lobbying in a year. <all>
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