An Act to relative to the revolving door between regulatory agencies and regulated industry
Bill restricts post-government employment of regulators with their former regulated industries to prevent conflicts of interest and regulatory capture.
Bill restricts post-government employment of regulators with their former regulated industries to prevent conflicts of interest and regulatory capture.
HD 3476 addresses the "revolving door" phenomenon where regulatory officials move between government agencies and the industries they previously regulated. The bill would likely impose restrictions on post-government employment, cooling-off periods, or disclosure requirements for former regulators joining private sector companies in their former regulatory areas. The specific mechanisms aren't detailed in the title alone, but such bills typically aim to prevent conflicts of interest and regulatory capture.
Regulatory capture—where industry influences the agencies meant to oversee it—undermines public trust and consumer/environmental protections. Former regulators possess insider knowledge, relationships, and regulatory expertise that companies pay premium salaries to access, creating incentives for lenient regulation in exchange for future lucrative employment. This dynamic can systematically weaken enforcement and rule-making in critical sectors like finance, pharmaceuticals, and environmental protection.
Compiled from official sources — confirm details with the bill’s official record.
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