The Baldwin-Cummings legislation would expand and strengthen the existing requirements by including senior officials with significant regulatory authority, increase the mandatory "cooling off" period to two years, and perhaps most strikingly, ban golden parachutes, which is the practice of a firm giving employees a significant bonus when they take a job in government. Soon after entering office in 2009, President Obama ordered into action an ethics pledge that requires presidential appointees to adhere to protocol aimed at managing the revolving door and minimizing exposure to conflicts of interest. "The American people deserve to have trust in the fact that government is working for them and that the system is not being rigged against them." "We can't afford to have a revolving door working to stack the deck in favor of Wall Street and against hard working Americans who are struggling to get ahead," Baldwin proclaimed as she introduced the Financial Services Conflict of Interest Act on July 15. Five years to the day after the Senate passed the Dodd-Frank Act, Senator Tammy Baldwin of Wisconsin and Congressman Elijah Cummings of Maryland gathered for a press conference in the Capitol to announce legislation that would strengthen ethics in the executive branch and work to reduce Wall Street influence in Washington, D.C.