; and (B) ends on the earlier of— (i) the date on which the House elects a Speaker for the One Hundred Eighteenth Congress; or (ii) the last day of the One Hundred Eighteenth Congress. (3) Withholding and remittance of amounts from payments held in escrow The Chief Administrative Officer of the House of Representatives, or an employee of the Office of the Chief Administrative Officer who is designated by the Chief Administrative Officer to carry out this Act, shall provide for the same withholding and remittance with respect to a payment deposited in an escrow account under paragraph (1) that would apply to the payment if the payment were not subject to paragraph (1). (4) Release of amounts at end of the congress In order to ensure that this subsection is carried out in a manner that shall not vary the compensation of Representatives in violation of the Twenty-seventh Amendment to the Constitution of the United States, the Chief Administrative Officer of the House of Representatives, or an employee of the Office of the Chief Administrative Officer who is designated by the Chief Administrative Officer to carry out this Act, shall release for payment to Members of the House of Representatives any amounts remaining in any escrow account under this section on the last day of the One Hundred Eighteenth Congress. (c) Member defined In this section, the term Member of the House of Representatives means an individual serving in a position in the House of Representatives which is covered under subparagraph (A), (B), or (C) of section 601(a)(1) of the Legislative Reorganization Act of 1946 ( 2 U.S.C. 4501(1) ). 7. Prohibiting Members of the House of Representatives from serving on boards of for-profit entities Rule XXIII of the Rules of the House of Representatives, as amended by section 5(a), is amended— (1) by redesignating clauses 19 through 23 as clauses 20 through 24, respectively