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After Watering Down Financial Reform, Ex-Senator Scott Brown Joins Goldman Sachs' Lobbying Firm
During his nearly three years in the U.S. Senate, Scott Brown (R-MA) frequently came to the aid of the financial sector watering down the Dodd-Frank bill and working to weaken it after its passage and accepted hundreds of thousands of dollars in campaign cash from the industry. Now, the man Forbes Magazine called one of Wall Streets Favorite Congressmen will use those connections as counsel for Nixon Peabody, an international law and lobbying firm.
The Boston Globe noted Monday that while Brown himself will not be a lobbyist Senators may not lobby their former colleagues for the first two years after leaving office, under the Honest Leadership and Open Government Act of 2007 he will be leaning heavily on his Washington contacts to drum up business for the firm. The position will also allow him to begin cashing in on his contacts with the financial services industry, which he helped oversee in the Senate.
Among the lobbying clients represented by Nixon Peabody is Goldman Sachs, the Wall Street behemoth that reportedly skirted the Dodd-Frank rules . Brown received $10,000 in PAC contributions from Goldman and more than $100,000 in contributions from its employees.
Brown was also the deciding vote against the DISCLOSE Act, which would have allowed voters to see which moneyed interests were funding secret political ads. The U.S. Chamber of Commerce, which reportedly received millions from Goldman Sachs, led the opposition to the bill.
After Watering Down Financial Reform, Ex-Senator Scott Brown Joins Goldman Sachs' Lobbying Firm | ThinkProgress
During his nearly three years in the U.S. Senate, Scott Brown (R-MA) frequently came to the aid of the financial sector watering down the Dodd-Frank bill and working to weaken it after its passage and accepted hundreds of thousands of dollars in campaign cash from the industry. Now, the man Forbes Magazine called one of Wall Streets Favorite Congressmen will use those connections as counsel for Nixon Peabody, an international law and lobbying firm.
The Boston Globe noted Monday that while Brown himself will not be a lobbyist Senators may not lobby their former colleagues for the first two years after leaving office, under the Honest Leadership and Open Government Act of 2007 he will be leaning heavily on his Washington contacts to drum up business for the firm. The position will also allow him to begin cashing in on his contacts with the financial services industry, which he helped oversee in the Senate.
Among the lobbying clients represented by Nixon Peabody is Goldman Sachs, the Wall Street behemoth that reportedly skirted the Dodd-Frank rules . Brown received $10,000 in PAC contributions from Goldman and more than $100,000 in contributions from its employees.
Brown was also the deciding vote against the DISCLOSE Act, which would have allowed voters to see which moneyed interests were funding secret political ads. The U.S. Chamber of Commerce, which reportedly received millions from Goldman Sachs, led the opposition to the bill.
After Watering Down Financial Reform, Ex-Senator Scott Brown Joins Goldman Sachs' Lobbying Firm | ThinkProgress
