The bill introduces a new provision in Minnesota Statutes, chapter 10A, that prohibits members of the legislature from acting as lobbyists or registering as lobbyists for a period of two years after they leave office. This measure aims to prevent potential conflicts of interest and ensure that former legislators do not leverage their previous positions for lobbying purposes immediately after their term ends.

Additionally, the bill authorizes the board to impose a civil penalty on any legislator who violates this restriction, with the penalty set at the lesser of $25,000 or an amount equivalent to what the member earned as a lobbyist during the violation. The new law will take effect the day after final enactment and will apply to legislators who leave office on or after that date.