President-elect Joe Biden will ban his senior presidential appointees from accepting special bonuses akin to “golden parachutes” from former employers for joining the government, while putting in place other expanded revolving-door restrictions in his first days in office.
The new ethics rules, which were described by transition officials who spoke on the condition of anonymity because the draft executive order is not public, will in some ways go beyond the guidelines for senior appointees that were put in place by the Trump and Obama administrations.
The biggest shift is the new rule that will ban incoming officials from receiving compensation from their previous employer for taking a government job, a practice that has been a flash point for government reform advocates and Sen. Elizabeth Warren (D-Mass.). Under the Biden program, appointees would still be able to accelerate vesting for compensation they have already earned.
For departing administration employees, the Biden rules create a prohibition on lobbying the administration for at least the length of Biden’s term and add a one-year restriction on assisting lobbying efforts.
That is an effort to crack down on lucrative “shadow lobbying” jobs, in which former officials go to work at law firms to help guide lobbyists without making contact with government officials themselves.