(a) The Chairman of a standing, select, joint or ad hoc committee of the Congress, or subcommittee thereof, who is censured by a vote of the House or who is convicted of a felony for which a sentence of two or more years imprisonment may by imposed, shall cease to exercise the powers of the Chairman and shall not serve as Chairman of a Committee or Subcommittee for the remainder of the Congress. The position will be considered vacant under the rules of the Conference.
(b) The rule is in effect for any indictments or convictions handed down subsequent to the adoption of the rule.