Representatives Meehan and Shays announced at a press conference yesterday their plans to introduce legislation that both reduces the influence of lobbyists and tightens campaign finance laws. According to BNA Money and Politics, these comprehensive measure include reintroducing a measure to regulate 527 groups under campaign finance restrictions, replace the Federal Election Commission with an independent agency, the Federal Election Administration, and reform the presidential campaign public financing system. Shays and Meehan will call for the creation of an Office of Professional Integrity, require the disclosure of the amount lobbyists and lobbying firms spend on grassroots campaigns and disclosure of their campaign contributions, and enact a two year waiting period before a member of Congress or senior staff can become involved in the lobbying profession.