From 1979 to 1992, Russo served on the Ways and Means Committee, which from 1981 through 1994 was chaired by fellow Chicagoan Dan Rostenkowski. During his tenure, the Committee passed the Tax Reform Act of 1986. As Vice Chairman of the Subcommittee on Health and Chairman of the Task Force on Income Security, Russo became a vocal advocate for affordable health care for all Americans. He authored the single-payer health care reform proposal, the Universal Health Care Act of 1991 (H.R. 1300), which gained broad national attention and support.
Primary loss
After the 1990 redistricting, his district was merged with the neighboring 5th District of fellow Democrat Bill Lipinski. Although the reconfigured district retained Russo's district number, he lost the March 17, 1992 Democratic primary to Lipinski, 38 percent to 56 percent.[1]
Lobbyist
Russo worked at the lobbying firm of Cassidy & Associates, rising to the position of CEO. He left the firm in 2010.[2]
On December 15, 2010, Politico reported that Russo has accepted a "generous" buy-out and will be stepping down at the end of the year, as part of an overall shake-up. The firm, which helped pioneer earmark lobbying, faces a Republican House and Senate Republicans who have banned the practice."[3]
He did not register to lobby for any other advocacy or government relations firms therefore.