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 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.

Requires that sealed reports filed by persons under part B of rule XLIV prior to July 1, 1977, be returned to such persons by the Committee when such persons are no longer required to file such reports.

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 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.

Entitles each Member to reimbursement for official expenses incurred in the United States under the Legislative Appropriation Act, 1977 or the Supplemental Appropriations Act, 1972. Authorizes the Clerk of the House to make disbursements from such funds. Limits the entitlement of each Member under such reimbursement program to $7,000 annually.

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.

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 by prohibiting 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: Outside Earned Income - Amends the Rules of the House of Representatives to add rule XLVII, limiting to 15 percent of the aggregate annual salary of a Member, the amount of outside income which may be earned by a Member in any calendar year.

Title VII: Select Committee on Ethics - Establishes in the House a 13-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, the use of the frank, and outside earned income.