The “Financial Regulators Revolving Door Enforcement Act,” H.R. 7121 aims to prevent potential conflicts of interest when former employees of federal financial regulatory bodies, insured banks, and credit unions move to the private sector. It introduces a 2-year restriction...
Simple Explanation
The Financial Regulators Revolving Door Enforcement Act is a rule that says important people who used to work for certain banks and credit unions can't work for those same businesses right away when they leave. They have to wait two years before they can work for or help those businesses influence their old employers.