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In ordinary words.
People leaving public office may later advise or represent industries they once regulated.
In legal terms.
Post-employment restrictions such as 18 U.S.C. § 207 limit certain contacts and representations; many other kinds of work remain possible.
Where it stops being legal.
Cooling-off periods, conflict rules and lobbying disclosure obligations vary by position and activity.
General U.S.-focused information. Cases and statutes may have jurisdiction-specific exceptions. This citation may be a general primer; verify the governing primary authority. Not legal advice.