Sen. Rick Scott and Sen. Elizabeth Warren introduced this bipartisan bill, but it is not likely to gain much traction. Before they even get to lobbying, Congress needs to focus on Members' own stock trading, as it is a much bigger issue up front. Yes, there is a clear issue with Former Members becoming lobbyists, but too many are already trading stocks on the side.

Now, there's an interesting little caveat to this bill that addresses a loophole we haven't really seen addressed yet, and here it is below.

The legislation would not only ban senators and U.S. House members from being registered lobbyists, but would also prevent then from being compensated for trying to influence lawmakers and staff on behalf of companies or groups — closing a loophole that would allow former lawmakers to lobby without being a registered lobbyist.