Providing for consideration of the bill (H.R. 2988) to amend the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors, and for other purposes; providing for consideration of the bill (H.R. 2262) to amend the Fair Labor Standards Act of 1938 to exclude certain activities from hours worked, and for other purposes; providing for consideration of the bill (H.R. 2270) to amend the Fair Labor Standards Act of 1938 to exclude child and dependent care services and payments from the rate used to compute overtime compensation; providing for consideration of the bill (H.R. 2312) to amend the Fair Labor Standards Act of 1938 to revise the definition of the term ''tipped employee'', and for other purposes; and providing for consideration of the bill (H.R. 4366) to clarify the treatment of 2 or more employers as joint employers under the National Labor Relations Act and the Fair Labor Standards Act of 1938.

This resolution, known in the House as a 'rule,' would set the terms for floor debate and amendment on five separate bills: H.R. 2988 (retirement plan investment factors), H.R. 2262 (excluding certain activities from hours worked), H.R. 2270 (excluding child and dependent care benefits from overtime pay calculations), H.R. 2312 (redefining 'tipped employee'), and H.R. 4366 (joint-employer standards under labor law). For each bill it adopts the committee's substitute amendment, waives points of order, limits debate to one hour divided between the majority and minority on the Committee on Education and Workforce, and allows one motion to recommit before final passage.

The resolution itself does not amend any statute. It is purely procedural, determining how and when the House will consider and vote on the five underlying bills, one of which (H.R. 2262) also receives a specific additional amendment from the Rules Committee report.

Members of the House of Representatives, who would operate under these debate rules, and indirectly anyone affected by the five underlying bills once considered, including retirement plan fiduciaries, employers subject to overtime and tipped-wage rules, and businesses classified as joint employers.

The resolution determines whether and how the five labor-policy bills reach a House vote, controlling debate time and limiting which amendments members can offer. Its passage is a procedural prerequisite for the underlying bills to advance, though it does not itself alter any federal law or program.