{"id":101875,"date":"2023-04-27T10:31:28","date_gmt":"2023-04-27T14:31:28","guid":{"rendered":"https:\/\/framinghamsource.com\/?p=101875"},"modified":"2023-04-29T19:55:28","modified_gmt":"2023-04-29T23:55:28","slug":"new-report-from-senator-warren-uncovers-defense-industrys-abuse-of-revolving-door-hiring-practices","status":"publish","type":"post","link":"https:\/\/framinghamsource.com\/index.php\/2023\/04\/27\/new-report-from-senator-warren-uncovers-defense-industrys-abuse-of-revolving-door-hiring-practices\/","title":{"rendered":"New Report from Senator\u00a0Warren\u00a0Uncovers Defense Industry\u2019s Abuse of Revolving Door Hiring Practices\u00a0"},"content":{"rendered":"<div class=\"addtoany_share_save_container addtoany_content addtoany_content_top\">\n<div class=\"a2a_kit a2a_kit_size_30 addtoany_list\" data-a2a-url=\"https:\/\/framinghamsource.com\/index.php\/2023\/04\/15\/senator-warren-urges-irs-and-treasury-to-address-racial-inequities-in-tax-enforcement\/\" data-a2a-title=\"Senator\u00a0Warren\u00a0Urges IRS and Treasury to Address Racial Inequities in Tax Enforcement\"><\/div>\n<div data-a2a-url=\"https:\/\/framinghamsource.com\/index.php\/2023\/04\/15\/senator-warren-urges-irs-and-treasury-to-address-racial-inequities-in-tax-enforcement\/\" data-a2a-title=\"Senator\u00a0Warren\u00a0Urges IRS and Treasury to Address Racial Inequities in Tax Enforcement\"><\/div>\n<div class=\"a2a_kit a2a_kit_size_30 addtoany_list\" data-a2a-url=\"https:\/\/framinghamsource.com\/index.php\/2023\/04\/15\/senator-warren-urges-irs-and-treasury-to-address-racial-inequities-in-tax-enforcement\/\" data-a2a-title=\"Senator\u00a0Warren\u00a0Urges IRS and Treasury to Address Racial Inequities in Tax Enforcement\">In<em>\u00a0full transparency, the following is a media release from Sen. Elizabeth Warren\u2019s office. She was elected by voters in the Commonwealth of Massachusetts to serve the state in Washington DC in the US Senate. She is a Democrat<\/em>. (stock photo).\u00a0<em>SOURCE publishes press release from elected leaders as a community service.<\/em><\/div>\n<\/div>\n<p>***<\/p>\n<p><strong>[broadstreet zone=&#8221;53803&#8243;]<\/strong><\/p>\n<p>WASHINGTON DC &#8211; Yesterday, April 26, U.S. Senator Elizabeth <span class=\"il\">Warren<\/span>\u00a0(D-Mass.), Chair of the Senate Armed Services Subcommittee on Personnel, released a new investigative report: \u201cPentagon Alchemy: How Defense Officials Pass Through the Revolving Door and Peddle Brass for Gold.\u201d<\/p>\n<p>The investigation reveals that nearly 700 instances of former high-ranking DoD and other government officials now work at the top 20 defense contractors, and highlights the need to close the revolving door for ex-government and military officials hired to executive board and lobbyist positions at large defense contractors.<\/p>\n<p>\u201cWhen government officials cash in on their public service by lobbying, advising, or serving as board members and executives for the companies they used to regulate, it\u00a0 undermines public officials\u2019 integrity and casts doubt on the fairness of government contracting,\u201d\u00a0wrote Senator\u00a0<span class=\"il\">Warren<\/span>.\u00a0\u201cThis problem is especially concerning and pronounced in the U.S. Department of Defense (DoD) and the United States\u2019 defense industry.\u201d<\/p>\n<p><strong>[broadstreet zone=&#8221;58610&#8243;]<\/strong><\/p>\n<p>Senator\u00a0<span class=\"il\">Warren<\/span>\u00a0commissioned this report to examine the revolving door of DoD officials currently working in the defense industry. The results confirm that the door is still spinning rapidly \u2013 highlighting the need for legislative and regulatory overhauls to address the problem.\u00a0 Senator\u00a0<span class=\"il\">Warren<\/span>\u00a0has introduced the\u00a0<em>Department of Defense Ethics and Anti-Corruption Act<\/em>\u00a0which would \u201climit the influence of contractors on the military, constrain foreign influence on retired senior military officers, and assert greater transparency over contractors and their interaction with DoD.<\/p>\n<p>Key findings of the report include:<\/p>\n<ul>\n<li><strong>Top defense contractors hire hundreds of former government officials, most as lobbyists:<\/strong>\u00a0As of 2021, there have been 672 instances in which former government officials, military officers, members of Congress and senior legislative staff were found to be working for the top 20 defense contractors. In 91 percent of these cases, the individuals who went through the revolving door became registered lobbyists for big defense contractors.<\/li>\n<li><strong>Defense industry consolidation increases the risks from big corporations abuse of the revolving door:<\/strong>\u00a0DoD is the largest federal contracting agency \u2013 of the total $692.3 billion in contracts awarded by the federal government in FY 2021, 61 percent were awarded by DoD, with almost 40 percent going exclusively to 10 defense contractors.<\/li>\n<li><strong>Big defense contractors hired the most revolving door lobbyists and stocked their boards with former government officials:<\/strong>\u00a0Boeing hired the most former government officials, 85, which includes six as high-ranking executives, two as board members and 77 as registered lobbyists. Raytheon hired 64, three as board members, one as a corporate executive and 60 as registered lobbyists. General Electric hired 60 revolving door lobbyists. These examples shed light on the frequency with which defense contractors use the revolving door to hire former, high-ranking government and military officials into senior executive or board positions.<\/li>\n<\/ul>\n<p><strong>[broadstreet zone=&#8221;53130&#8243;]<\/strong><\/p>\n<p><strong>[broadstreet zone=&#8221;59983&#8243;]<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div id=\"m_972437571365740557b230b57c2266048ac05b276919b9117f\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In\u00a0full transparency, the following is a media release from Sen. Elizabeth Warren\u2019s office. She was elected by voters in the Commonwealth of Massachusetts to serve the state in Washington DC in the US Senate. She is a Democrat. (stock photo).\u00a0SOURCE publishes press release from elected leaders as a community service. *** [broadstreet zone=&#8221;53803&#8243;] WASHINGTON DC [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":91930,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[15,57],"tags":[142,908],"class_list":["post-101875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","category-state-federal-government","tag-sen-elizabeth-warren","tag-u-s-department-of-defense-dod"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Report from Senator\u00a0Warren\u00a0Uncovers Defense Industry\u2019s Abuse of Revolving Door Hiring Practices\u00a0 - Framingham Source<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/framinghamsource.com\/index.php\/2023\/04\/27\/new-report-from-senator-warren-uncovers-defense-industrys-abuse-of-revolving-door-hiring-practices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Report from Senator\u00a0Warren\u00a0Uncovers Defense Industry\u2019s Abuse of Revolving Door Hiring Practices\u00a0 - Framingham Source\" \/>\n<meta property=\"og:description\" content=\"In\u00a0full transparency, the following is a media release from Sen. 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