Standards and Conduct Resolution

Standards and Conduct Resolution - Title I: Provisions Relating to the Select Committee on Standard and Conduct - Amends the resolution creating the Select Committee on Standards and Conduct of the Senate to give the Senate power to appoint members of the committee in accordance with the Standing Rules of the Senate. Limits to six consecutive years the length of service of any Member on the committee. Specifies the composition of the six-member committee based on length of service in the Senate.

Makes it a duty of the select committee: (1) to receive complaints and investigate violations of any Code of Conduct applicable to Members, officers or employees of the Senate; and (2) to examine all financial statements filed pursuant to this Resolution, and report to the Senate any person who has filed a statement containing any false statement or any person who has failed to file a statement.

Sets forth standards for the investigation of complaints filed with the select committee. Requires each complaint to be in writing. Requires a prompt investigation of all complaints. Sets forth procedures to assure the consideration of a complaint on which no action was taken for the first 30-working days after submission.

Prohibits a Member from participating in the investigation of his or her own conduct. Provides for the appointment of a substitute for a disqualified select committee member.

Authorizes the select committee to employ a counsel, assistant counsel, and investigators.

Title II: Financial Disclosure Requirements - Requires each individual who for a period in excess of 90 days during a calendar year is a Senator or an officer or employee of the Senate and is compensated at an annual rate in excess of $20,000 to file a complete financial statement for the preceding year. Requires individuals who seek nomination for or election to the Senate to file a report containing a complete financial statement for the preceding year.

Specifies the following information to be disclosed in a financial statement: (1) the amount and source of each item of income, or reimbursement, and each gift or aggregate thereof from a single source which exceeds $100 in amount or value; (2) the fair market value of any item received in kind if such value exceeds $500; (3) the identity and category of value of each asset other than household goods, jewelry, furniture, or personal vehicle having a value in excess of $1,000; (4) the identity and category of amount of each liability owed in excess of $1,000; (5) the identity and category of value of any securities or commodities transaction in excess of $1,000; (6) the identity and category of value of any real estate transaction in excess of $1,000; (7) any patent right held; and (8) a description of any agreement between the person filing the statement and any other person concerning employment after filing the individual's term of office.

Requires officers and employees of the Senate to report the identity of any person who paid such officer or employee compensation in excess of $5,000 in any of the five years before the calendar year of filing.

Sets forth increments of value to be used in stating categories of value or amount of property or financial dealings.

Directs the select committee to make available to the public each report filed with it. Sets forth exceptions to this requirement.

Title III: Code of Conduct - Directs the select committee to recommend to the Senate a Code of Conduct for Members of the Senate. Specifies areas for the select committee to consider when developing such Code.