Learn more about our policy experts.

Media Contacts

Angela Bradbery, Director of Communications
w. (202) 588-7741
c. (202) 503-6768
abradbery@citizen.org, Twitter

Barbara Holzer, Broadcast Manager
w. (202) 588-7716
bholzer@citizen.org

Karilyn Gower, Press Officer
w. (202) 588-7779
kgower@citizen.org

Symone Sanders, Communications Officer, Global Trade Watch division
w. (202) 454-5108
ssanders@citizen.org

Other Important Links

Press Release Database
Citizen Vox blog
Texas Vox blog
Consumer Law and Policy blog
Energy Vox blog
Eyes on Trade blog
Facebook/publiccitizen

Follow us on Twitter

 

Nov. 19, 2009

Former Government Officials, Including Members of Congress, Cashing in as Lobbyists for Financial Industry, Public Citizen Analysis Shows

Lobbyist Ranks Filled With Former Federal Employees, Well-Connected Congressional Staffers

WASHINGTON, D.C. - More than 900 former federal employees, including 70 former members of Congress, have gone to work as lobbyists for the financial services sector in 2009, according to a Public Citizen report released today analyzing data provided by the Center for Responsive Politics (www.opensecrets.org).

The list of people who have passed through the revolving door between Congress and the financial services sector includes a former speaker of the House of Representatives, two former Senate majority leaders and two former House majority leaders. At least 52 of the lobbyists served on - or worked as staffers for - the Senate and House banking committees, which are considering legislation to re-regulate the industry. Additionally, at least 41 financial services lobbyists previously worked for members of Congress who now serve on one of these key committees.

“It’s a shame that so much taxpayer money has been spent to train people to lobby against the American people,” said David Arkush, director of Public Citizen’s Watch division. “The financial industry appears to be better at hiring influence-peddlers than running banks.”

READ our report. 

###

Copyright © 2014 Public Citizen. Some rights reserved. Non-commercial use of text and images in which Public Citizen holds the copyright is permitted, with attribution, under the terms and conditions of a Creative Commons License. This Web site is shared by Public Citizen Inc. and Public Citizen Foundation. Learn More about the distinction between these two components of Public Citizen.


Public Citizen, Inc. and Public Citizen Foundation

 

Together, two separate corporate entities called Public Citizen, Inc. and Public Citizen Foundation, Inc., form Public Citizen. Both entities are part of the same overall organization, and this Web site refers to the two organizations collectively as Public Citizen.

Although the work of the two components overlaps, some activities are done by one component and not the other. The primary distinction is with respect to lobbying activity. Public Citizen, Inc., an IRS § 501(c)(4) entity, lobbies Congress to advance Public Citizen’s mission of protecting public health and safety, advancing government transparency, and urging corporate accountability. Public Citizen Foundation, however, is an IRS § 501(c)(3) organization. Accordingly, its ability to engage in lobbying is limited by federal law, but it may receive donations that are tax-deductible by the contributor. Public Citizen Inc. does most of the lobbying activity discussed on the Public Citizen Web site. Public Citizen Foundation performs most of the litigation and education activities discussed on the Web site.

You may make a contribution to Public Citizen, Inc., Public Citizen Foundation, or both. Contributions to both organizations are used to support our public interest work. However, each Public Citizen component will use only the funds contributed directly to it to carry out the activities it conducts as part of Public Citizen’s mission. Only gifts to the Foundation are tax-deductible. Individuals who want to join Public Citizen should make a contribution to Public Citizen, Inc., which will not be tax deductible.

 

To become a member of Public Citizen, click here.
To become a member and make an additional tax-deductible donation to Public Citizen Foundation, click here.