Resolution to amend the Rules of the House of Representatives.

Title I: Financial Disclosure - Amends rule XLIV of the Rules of the House of Representatives to: (1) require Members, officers, principal assistants to Members and officers, and professional staff members of committees, compensated in excess of $33,000 per annum, to file a financial report with the Clerk of the House of Representatives by April 30, 1978, and by April 30 of each year thereafter; (2) require the Clerk to send copies of such reports to the Committee on Standards of Official Conduct, and to the secretary of state of the State represented by the Member; (3) direct the Clerk to compile the reports and have them printed as a House document to be made available to the public; and (4) require the Committee to maintain and make such reports available for public inspection. Details the required content of such reports.

Permits Members who announce before April 30, 1978, that they will not seek election to the 96th Congress to file the report as required by rule XLIV prior to the amendments made by this title in lieu of the report required under such rule as amended by this title.

Title II: Amendment of the Code of Official Conduct - Amends clause 4 of rule XLIII to: (1) prohibit any Member, officer, or employee of the House of Representatives from accepting gifts with a value of $100 or more in any calendar year from a foreign national; and (2) include among persons deemed to have a direct interest in legislation before the Congress, any person registered under the Federal Regulation of Lobbying Act of 1946, and certain other persons retained by such registered persons.

Amends clause 5 of rule XLIII to prohibit Members, officers, and employees of the House of Representatives from accepting honorariums for specified activities in excess of $750 for a single activity, or $15,000 in the aggregate in one calendar year.

Amends clause 7 of rule XLIII to require Members to treat all proceeds from fund raising events as campaign contributions, regardless of any notice given by the sponsors to the participants.

Title III: Unofficial Office Accounts; Official Expense Allowances - Amends the Rules of the House of Representatives to add rule XLV prohibiting any Member from maintaining an unofficial office account. Requires the Clerk of the House to make available for examination, upon request, the expenditure records of Members of Congress and House committees, and to issue regulations to insure access by the public to current financial records of the House of Representatives.

Entitles each Member to reimbursement for official expenses incurred in the United States under the Legislative Appropriation Act, 1955. Authorizes the Clerk of the House to make disbursements from such funds.

Title IV: Limitations on the Use of the Frank - Amends the Rules of the House of Representatives to add rule XLVI, limiting the use of the frank by Members. Requires each Member to file a yearly report with the Commission on Congressional Mailing containing specified information with respect to mailings sent as franked mail.

Title V: Foreign Travel - Amends clause 2(n) of rule XI to set certain limits on expenses of Members and employees of committees traveling in foreign countries. Limits the availability of local currencies owned by the United States for use outside of the United States by Members who have not been reelected.

Amends clause 5 of rule XI to prohibit the expense resolutions of committees from authorizing the payment of travel expenses of Members who have not been reelected.

Amends clause 8 of rule I to prohibit the payment of travel expenses from the contingent fund for Members who have not been reelected.

Title VI: Select Committee on Ethics - Establishes in the House a 12-member Select Committee on Ethics to consider and report to the House on bills involving financial disclosure, the Code of Official Conduct, unofficial office accounts, and the use of the frank.

Authorizes and directs such select committee to conduct a study with respect to specified records of any standing or select committee of the House or officer of the House regarding expenses incurred. Directs such select committee to conduct an audit of any allowances and expenses made available to Members of the House pursuant to a House resolution or law.