Obama team announces new rules on lobbyists

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President-elect Obama's aides are announcing new rules to govern the conduct of lobbyists during the transition to power, including steps to limit their involvement in areas where they have sought to influence policy in the past year.

According to John Podesta, a top transition aide, federal lobbyists will be prohibited from any lobbying while they are at work on the transition.

Also, if anyone involved in the transition later becomes a lobbyist, they would not be able to lobby the new administration for one year on matters on which they worked for the president-elect.

The rules also stipulate that federal lobbyists may not contribute financially to the transition.

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