Peter Roberson, Bank Lobbyist Turned House Staffer, Is Heading Back To K Street

[Amerigo Vespucci]

http://www.huffingtonpost.com/2010/03/29/peter-robertson-bank-lobb_n_517549.html

When the House worked on financial regulatory reform legislation last year, 16 of the Financial Services Committee staffers -- 12 of them Democrats -- assisting in that effort had previously worked as federally-registered lobbyists.

One of them is now heading back to K Street.

Peter Roberson helped write legislation intended to regulate credit-default swaps and other over-the-counter financial products, reported Bloomberg's Matthew Leising in breaking the news of Roberson's turn through the revolving door. He is now going to work for Intercontinental Exchange Inc. as a lobbyist. The company owns the world's biggest CDS clearinghouse that will be regulated by the rules that Roberson had a major hand in writing.

In December, HuffPost highlighted the trend of staffers going from the Hill to K Street and then back to the Hill, a reverse of the standard route typically traveled. "The door doesn't just revolve once," said Rep. Brad Miller (D-N.C.). "They tend to go out and come back and go out again. It really does create a set of financial incentives, whether conscious or not."