Providing for a moratorium on the consideration of any bill or joint resolution, or amendment thereto or conference report thereon, that contains any congressional earmark until a bipartisan panel is established to provide oversight over the congressional earmarking process and that panel reports its recommendations to the House.

Makes it out of order to consider any bill or joint resolution, amendment, or conference report that contains any congressional earmark unless and until: (1) a bipartisan panel composed of Members appointed by the Speaker and the Minority Leader is established to make recommendations to the House on how to better provide oversight of the congressional earmarking process to prevent waste, fraud, and abuse of taxpayer funds; and (2) that panel reports its recommendations to the House.