No Cashing In Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9563 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9563

    To require former Members of Congress to file annual financial 
              disclosure reports, and for other purposes.

_______________________________________________________________________

                    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

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                                 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.
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