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JUDD GREGG JOINS GOLDMAN SACHS: Former Sen. Judd Gregg (R-N.H.) is joining Wall Street giant Goldman Sachs, reports Politico‘s Chris Frates. The New Hampshire Republican, who retired in November after 18 years in the Senate, joins the prestigious — and politically powerful — firm as one of the firm’s 17 international advisers.

The post is the second in which Gregg, a former member of the Senate Banking, Housing and Urban Affairs Committee , will bring his extensive experience with the intersection between banking issues, politics and policy to the private sector. It was first announced last month that Gregg would be join InterContinentalExchange Inc , an American finance company that operates a commodity-based online marketplace, as a member of the board of directors.

According to a Goldman Sachs press release , Gregg’s new duties will include providing “strategic advice” to Goldman Sachs and its clients, as well as help improve “business development.”

But one key question about Gregg’s new gigs — as Frates, in addition to Michael Smallberg of the Project on Government Oversight , have asked — remains: Will his work for either group include lobbying? According to Senate rules, Gregg is barred from lobbying members or staffers in the Senate. But Gregg would be permitted to lobby his former colleagues in the House of Representatives, for example. During Gregg’s time in the Senate, the securities and investment industry was a major contributor to Gregg’s campaign. People and political action committees associated with the industry donated more than $241,000 to his campaign committee and leadership PAC. Goldman Sachs was a frequent contributor to Gregg’s campaign committee, offering up $13,000 from its PAC to the senator’s re-election committee during his career. Gregg, who opposed President Barack Obama’s Wall Street reform bill passed last year, has also taken heat from groups like POGO for joining up two new firms that also lobbied hard to weaken that legislation.



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