An Act to relative to the revolving door between regulatory agencies and regulated industry

This bill establishes a 5-year waiting period (cooling-off period) for former Massachusetts regulatory agency employees before they can work for, consult with, or enter contracts with industries they previously oversaw. It directly affects state employees leaving agencies like the Department of Public Utilities or licensing boards, and the businesses regulated by those agencies. Exceptions require State Ethics Commission approval to ensure no conflict of interest, with mandatory annual reports from agencies tracking employee departures and new industry roles. Violations may result in fines up to $50,000, voidable contracts, or mandatory divestiture of benefits.