Business

Dodd-Frank insider trades Senate for lobby job

{mosads}Olmem worked with both House and Senate leadership to coordinate legislative priorities and also developed relationships with regulators and members of the executive branch.

“He knows the Hill well and, as important, the Hill knows him,” said Venable’s co-chairman of its government division, Brock Landry, in a release.

Senior Senate staffers are banned from contacting anyone in the higher chamber for at least one year after leaving their previous job. But Olmem is free to contact agencies, the House and administration officials.

Financial reform is “far from over,” Olmem says in a statement, adding he can help clients navigate that legislative landscape.

Venable earned about $9.6 million in lobbying fees last year, according to the Center for Responsive Politics. Hilton Worldwide, a subsidiary of Blackstone Group, and Experian are among their clients involved in the financial world.

“Dodd-Frank may be the biggest iceberg but there are scores of other new rules and bills that make for tough sailing,” Glancz said.

Olmem also worked in the private sector before his foray on Capitol Hill, serving as a securities attorney for Mayer Brown in New York and at Shaw Pittman in its office right outside Washington.