A reporting requirement involving some lobbyist contingency fees passed the Texas Senate recently.
Bottom line: If the person lobbying an agency is a company employee, and the transaction is worth less than $10 million, they won’t have to register.
If they do it for a contingency fee, and the deal is worth $10 million or more, they will have to register.
If they’re a hired by a company to lobby a deal that’s worth less than $10 million, they also will have to register. If the deal is worth $10 million or more, and they’re working for a contingency fee, they can’t do it.