Providing for consideration of the bill (H.R. 347) to require the Executive Office of the President to provide an inflation estimate with respect to Executive orders with a significant effect on the annual gross budget, and for other purposes, and providing for consideration of the joint resolution (H.J. Res. 30) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights''.

Bill 118 HRES 166 is a legislative measure that sets forth the procedures for considering two specific bills in the US Congress. The first bill, H.R. 347, aims to require the Executive Office of the President to provide an inflation estimate for Executive orders that have a significant impact on the annual gross budget. This measure is intended to ensure transparency and accountability in the budgeting process, by providing Congress with accurate information on the potential financial implications of Executive orders.

The second bill, H.J. Res. 30, addresses a rule submitted by the Department of Labor regarding "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights." This joint resolution seeks to provide congressional disapproval of the Department of Labor's rule under chapter 8 of title 5, United States Code. The resolution aims to challenge the Department of Labor's authority in this area and assert Congress's oversight role in regulating labor and investment practices.

Overall, Bill 118 HRES 166 outlines the procedures for considering these two bills in Congress, highlighting the importance of transparency, accountability, and congressional oversight in the legislative process.