Providing for consideration of the bill (H.R. 4901) to reauthorize the Scholarships for Opportunity and Results Act, and for other purposes; providing for consideration of the joint resolution (H.J. Res. 88) disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary"; and providing for proceedings during the period from May 2, 2016, through May 9, 2016.

Bill 114 HRES 706 is a resolution that outlines the procedures for considering two important pieces of legislation in the US Congress. The first bill, H.R. 4901, aims to reauthorize the Scholarships for Opportunity and Results Act, which provides scholarships for low-income students in Washington, D.C. The bill also includes provisions for other purposes related to education and opportunity.

The second piece of legislation to be considered under this resolution is the joint resolution H.J. Res. 88, which seeks to disapprove a rule submitted by the Department of Labor regarding the definition of the term "Fiduciary." This rule is related to regulations governing financial advisors and their responsibilities to their clients.

The resolution also lays out the procedures and schedule for proceedings in Congress from May 2, 2016, through May 9, 2016. This includes guidelines for debate, amendments, and voting on the two bills mentioned above. Overall, Bill 114 HRES 706 is a procedural resolution that sets the stage for important discussions and decisions regarding education funding and financial regulations in the US Congress.