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It happens to some degree in every election cycle.
But, most Congressional committee staff (as opposed to staff in a Congressmember's personal office) bring substantial knowledge of particularly policy issues to the table and generally find it fairly easy to find work in DC - with think tanks, public interests groups, trade associations, etc.
And not just as lobbyists. Two of the policy analysts in my organization were displaced Republican staffers from House/Senate Committees.
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