Adopting the Rules of the House of Representatives for the One Hundred Eighteenth Congress, and for other purposes.

This resolution establishes the rules of the House of Representatives for the 118th Congress by adopting and modifying the rules from the 117th Congress; it also adopts other procedural orders.

Specific changes include

• permitting a single Member to call for a vote to remove the Speaker;
• prohibiting consideration of legislation that increases without offsetting mandatory spending in set budget windows;
• eliminating the Gephardt rule, which provides for the automatic passage of a joint resolution to suspend the debt ceiling upon passage of a concurrent resolution on the budget;
• requiring a three-fifths majority of House Members to approve tax rate increases;
• reinstating the Holman rule, which allows for the termination of or a salary deduction for a federal official or cuts to a specific program through amendments to appropriations bills;
• nullifying regulations that extend collective bargaining rights to certain congressional employees; and
• requiring that sponsors identify the single subject that each bill focuses on.

The resolution further acts as a special rule for particular legislation, including bills that address (1) Internal Revenue Service funding, (2) sales from the Strategic Petroleum Reserve to China, and (3) establishing committees to investigate U.S.-Chinese competition and the weaponization of the federal government.

The Congressional Budget Office must include in its cost estimates for major legislation macroeconomic effects (e.g., changes in economic output and employment).

The resolution also establishes new and reauthorizes and modifies existing commissions, offices, and committees.

Bill 118 HRES 5, also known as "Adopting the Rules of the House of Representatives for the One Hundred Eighteenth Congress, and for other purposes," is a piece of legislation that outlines the rules and procedures that will govern the operations of the House of Representatives during the 118th Congress.

The bill covers a wide range of topics, including the organization of committees, the scheduling of legislative business, and the conduct of members during debates and votes. It also addresses issues such as the allocation of resources and the handling of ethics complaints.

One key provision of the bill is the establishment of the Committee on Rules, which is responsible for setting the terms and conditions under which bills will be considered on the House floor. This committee plays a crucial role in shaping the legislative agenda and ensuring that all members have a fair opportunity to participate in the lawmaking process. Another important aspect of the bill is the requirement that all members of the House adhere to a code of conduct that promotes ethical behavior and transparency. This includes rules governing conflicts of interest, financial disclosure, and the acceptance of gifts and other forms of outside influence. Overall, Bill 118 HRES 5 is designed to ensure that the House of Representatives operates in a fair, efficient, and transparent manner. By establishing clear rules and procedures, the bill aims to promote accountability and integrity in the legislative process.