Replaces existing paragraph (1) with a new paragraph expressly prohibiting any former Senator or Member of the House from making lobbying contacts or engaging in lobbying activities with covered executive branch officials or any Member, officer, or employee of either House after leaving office; incorporates definitions by reference to the Lobbying Disclosure Act of 1995 for terms such as 'lobbying activities' and 'lobbying contact'; restructures paragraph (2) to address officers and staff of the Senate and adds a new subparagraph addressing elected officers of the House with a one-year post-employment restriction.

Amends subsection (f) to (A) make paragraph (1) subject to a new paragraph (2) exception language, (B) redesignate existing paragraphs (2) and (3) as paragraphs (3) and (4), (C) insert a new paragraph (2) that expressly provides that Members of Congress may not engage in the activities described in paragraph (1) at any time after leaving office, and (D) replace the redesignated paragraph (4) to define 'foreign entity' by referencing definitions in the Foreign Agents Registration Act of 1938 (including 'government of a foreign country', 'foreign political party', and for Members of Congress, 'foreign principal').

Amends section 1043(b) of the Internal Revenue Code to (1) add covered officials (including legislative covered officials and family members of Members of Congress as defined in section 2(a) of the Act) to the persons covered by section 1043 and (2) revise the authorities that may issue a certificate of divestiture to include the supervising ethics office for persons described in the new paragraph.

Replaces the phrase limiting outside earned income that 'exceeds 15 percent' with language prohibiting any outside earned income except that up to 15 percent is permitted.

Replaces language regarding outside earned income for individuals becoming Members during a calendar year and adjusts a cross-reference phrase.

Allows officers or employees of the House or Senate to receive compensation from a fiduciary relationship if that relationship involves the practice of medicine by inserting an express exception.

Allows officers or employees of the House or Senate to receive compensation from a fiduciary relationship if that relationship involves the practice of medicine by inserting an express exception.

Modifies the provision governing compensation for teaching to allow such compensation with prior notification.

Replaces paragraph (4) to limit service as an officer or board member, with specified exceptions allowing uncompensated service on nonprofit boards and uncompensated service on other entities.

Redesignates existing paragraph (5) as paragraph (6) and inserts a new paragraph (5) defining 'outside earned income' for Members of Congress and applying that definition to Senators in the same manner.