Bill > SB72

This bill, titled "Former Legislators As Lobbyists," aims to prevent former state legislators from immediately using their insider knowledge for personal gain by lobbying. Specifically, it prohibits former legislators from accepting payment to lobby for two years after leaving office, and it also prevents employers of lobbyists from hiring former legislators as lobbyists during that same two-year period. To enforce this, lobbyists will be required to declare on their registration statements, which are filed with the secretary of state, whether they have served as a state legislator in the past two years. If a lobbyist has indeed served recently, the secretary of state will be required to notify their employer. Violating these provisions will result in penalties outlined in the existing Lobbyist Regulation Act. The bill also clarifies that these new rules will apply to individuals who are state legislators on or after January 1, 2027, and the entire act will take effect on that date.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=72&year=26