To end the revolving door, "the lure of post-public service lobbying employment needs to be eliminated," he writes.
The financial services lobby would like to add yet another exemption — allowing banks to continue to provide start-up capital for hedge funds.
The fallout from the claims caused the bank's former boss Stephen Green to step down at financial services lobby group TheCityUK on Saturday.
Hope Now is run out of the Housing Policy Council, which in turn is part of the Financial Services Roundtable, the influential financial services lobby.
On Saturday, Green stepped down from a financial services lobby group, TheCityUK's advisory council, in order to avoid "damaging the effectiveness" of its efforts "in promoting good governance".
The Financial Services Roundtable, a leading financial services lobby, threw its weight behind the Treasury's plans on Monday morning, saying that the purchase program would keep the troubled assets from bogging down big banks and preventing a recovery in banking and the broader financial system.
For example, a fee on the largest banks, levied to cover losses from the Troubled Asset Relief Program, would raise $90 billion during the next decade if the idea doesnt first get killed by the financial services lobby.
In the United States, the financial services lobby, intent on staving off rules that would limit its ability to gamble with taxpayer money, has successfully held off strictures.
Faced last year with controversial demands from liberal Democrats that a small business relief effort must deliver taxpayer funds directly to small businesses, Sperling won over centrist Democrats, Republicans and the financial services lobby with a carefully calibrated deal that filters the money through regional and community banks.
There have been notable instances in recent decades when the armed services lobbied quietly with allies in Congress to undo a defense secretary's cuts.
