David Loebsack: “I am opposed in its current form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read…”

“I am opposed in its current form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Me. Loebsack moves to recommit the bill H.R. 5652 to the Committee on the Budget with instructions to report the same back to the House forthwith with the following amendment: At the end of title V, add the following: SEC. 504. PROHIBITION ON TAXPAYER-FUNDED PENSIONS FOR MEMBERS OF CONGRESS WHO BECOME HIGHLY-PAID LOBBYISTS. (a) In General.--Any former Member of Congress who is registered as a lobbyist, and whose annual income from lobbying activities exceeds $1,000,000, shall not be eligible to receive benefits under either the Civil Service Retirement System or the Federal Employees' Retirement System for the period of time during which such former Member is employed as such a lobbyist and receiving from lobbying activities an annual income that exceeds $1,000,000. (b) Definition.--For purposes of this section, the term ``former Member of Congress'' means an individual who becomes a former Member of Congress after the date of the enactment of this Act. SEC. 505. ENSURING THAT MEMBERS OF CONGRESS PAY THEIR FAIR SHARE FOR RETIREMENT BENEFITS.…”