Update: Congess has since scrapped the plan (a)
a. Source: http://www.nytimes.com/2017/01/03/us/politics/trump-house-ethics-office.html
The Republicans of the House of Representatives held an unannounced meeting yesterday, and overriding their top leaders voted to kill The Office of Congressional Ethics, replacing it with a new "Office of Congressional Complaint Review" which would report to the House Ethics Committee(1), an overseeing body already accused of disregarding accusations of misconduct by members of Congress. The O.C.E. is the only independent oversight to the actions of the House, established in 2008 in response to major scandles which landed 3 members of Congress in jail(2).
The meeting, and the results thereof were not announced until later that day, when Judiciary Chairman Bob Goodlatte, a Republican from Virginia, announced that the actions had been approved by the house (This was in fact, his proposal), without discussion on the matter with the President, the OCE, or for that matter, the American people. It is not as though the integrity of the GOP has ever been called into before, but assuming it hasn't, it should certainly be called into question now. In plain terms, the Republicans of the House of Representatives cast a vote to gut their own oversight(3), no doubt having been emboldened to do so by the election of Donald Trump, who ironically promised to "drain the swamp". "Evidently, ethics are the first casualty of the new Republican Congress", says Nancy Pelosi. The office that had freedom to investigative pursuits and confidential interviews in the discovery of misconduct by lawmakers will now be under the thumb... of lawmakers.