Providing for consideration of the bill (H.R. 529) to amend the Internal Revenue Code of 1986 to improve 529 plans; providing for consideration of the bill (H.R. 5) to support State and local accountability for public education, protect State and local authority, inform parents of the performance of their children's schools, and for other purposes; and for other purposes.

Bill 114 H.Res. 121 is a resolution that sets the rules for considering two bills in the US Congress. The first bill, H.R. 529, aims to make changes to the Internal Revenue Code of 1986 in order to enhance 529 plans, which are tax-advantaged savings accounts used for education expenses. The second bill, H.R. 5, is focused on supporting State and local accountability in public education. It seeks to protect the authority of States and local governments in education matters, ensure that parents are informed about the performance of their children's schools, and achieve other educational goals.

The resolution lays out the procedures for debating and voting on these bills in Congress. It is important for setting the stage for the legislative process and ensuring that all members of Congress have the opportunity to discuss and vote on the proposed legislation. This resolution is a crucial step in the legislative process and helps to ensure that the bills are considered in a fair and transparent manner.