TRENTON – Senate President Richard J. Codey announced today that he plans to enact an Executive Order to expand a law he sponsored banning contingency fees paid to lobbyists to also apply to consultants and consulting firms seeking bond underwriting contracts from the State, as part of his broader effort to reduce the influence of money on government and regain the public trust.
“I see a real conflict in the fact that some of these third-party consultants are receiving enormous commissions, and in some cases a percentage based on the state contract itself, when the same consultants are also able to provide campaign contributions,” said Senator Codey. “Expanding the law I sponsored banning lobbyist contingency fees to third-party brokerage consultants will close this gaping loophole and further reduce the influence of money on government.”