Congress·In Committee·H.R. 9563

No Cashing In Act

New Financial Rules for Former Members of Congress

Jun 30·View on Congress.gov·Read full text

Next up: A house committee

The No Cashing In Act is currently in the early stages of the legislative process. It was sent to the House Administration and Oversight and Government Reform committees on June 29, 2026, and it has not moved since that date. The bill is stalled because it must receive a vote or further action from these committees to move forward.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

While ethics reform is popular with voters, members of Congress are often slow to pass laws that limit their own future income or retirement benefits.

Key Points

This bill would require former members of Congress to keep sharing their financial records with the public for at least ten years after they leave office. Currently, they only have to do this while they are serving in the government.
If a former member gets a job with a large lobbying group, their government pension would be cut. The amount taken out of their pension would be equal to the money they made from that lobbying work in the previous year.
The goal is to stop former politicians from immediately using their old government connections to make money for special interest groups. It targets companies that spend more than $10,000 a year on lobbying or have more than three lobbyists.
These rules would apply for at least ten years after a person leaves Congress. If they are still receiving a government pension after those ten years, they must continue to report their income for as long as they get those payments.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Jun 30, 2026House

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.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jun 30, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

No Cashing In Act

Bill NumberHR 9563

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred 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.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

R: 1

Analysis generated by AI. Always verify with official sources.