A resolution to establish a select committee of the Senate to conduct an investigation and study of the extent, if any, to which illegal, improper, or unethical activities were engaged in by any persons, acting individually or in combination with others, in the conduct of the Carter family businesses and financial activities related to them.

Establishes a Select Committee on Presidential Financial Transactions to conduct an investigation and study of possible illegal, improper, or unethical activities in the conduct of the Carter family businesses and activities, including: (1) bank loans and credit extension to such businesses; (2) personal bank loans to the President prior to the 1976 Presidential election; and (3) whether investigations and audits of such loans by specified Federal agencies were conducted to the fullest extent possible under law. Permits the select committee to exercise powers conferred upon committees of the Senate regulating the granting of immunity to witnesses.

Requires submission of a final report on the results of such investigation to the Senate no later than November 30, 1979.

Authorizes the expenditure of $500,000 by such committee through November 30, 1979.