DISCLOSURE BY MEMBERS OF CONGRESS AND STAFF OF EMPLOYMENT NEGOTIATIONS.

SEC. 532. DISCLOSURE BY MEMBERS OF CONGRESS AND STAFF OF EMPLOYMENT NEGOTIATIONS. Rule XXXVII of the Standing Rules of the Senate is amended by—(1) redesignating paragraph 12 as paragraph 13; and(2) adding after paragraph 11 the following:“12. (a) A Member shall not negotiate or have any arrangement concerning prospective private employment until after his or her successor has been elected, unless such Member files a signed statement with the Secretary of the Senate, for public disclosure, regarding such negotiations or arrangements not later than 3 business days after the commencement of such negotiation or arrangement, including the name of the private entity or entities involved in such negotiations or arrangements, and the date such negotiations or arrangements commenced.“(b) A Member shall not negotiate or have any arrangement concerning prospective employment for a job involving lobbying activities as defined by the Lobbying Disclosure Act of 1995 until after his or her successor has been elected.“(c)(1) An employee of the Senate earning in excess of 75 percent of the salary paid to a Senator shall notify the Select Committee on Ethics that he or she is negotiating or has any arrangement concerning prospective private employment.“(2) The notification under this subparagraph shall be made not later than 3 business days after the commencement of such negotiation or arrangement.“(3) An employee to whom this subparagraph applies shall—“(A) recuse himself or herself from—“(i) any contact or communication with the prospective employer on issues of legislative interest to the prospective employer; and“(ii) any legislative matter in which there is a conflict of interest or an appearance of a conflict for that employee under this subparagraph; and“(B) notify the Select Committee on Ethics of such recusal.” .