A resolution directing a review of Rule XLII of the Standing Rules of the Senate and S. Res. 109.

Directs the Senate Select Committee on Ethics, after consultation with the Committees an Governmental Affairs and Rules and Administration, to report to the Senate concerning: (1) the desirability of repealing, repealing in part or modifying rule XLII of the Standing Rules of the Senate which requires the Senate and staff earning over $25,000 a year to file a report containing a full and complete financial statement for that year; and (2) a review of S. Res. 109 which simplifies financial disclosure requirements, limits the Senate Select Committee on Ethics to investigations of improper misconduct, and repeals the limitations on outside earned income.