Mon. May 27th, 2024

Congress Passes Postal Service Reform

March 8, 2022
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READ FULL ARTICLE AT » www.forbes.com

After years of revenue losses and widely criticized mail delays, the Senate passed a bill Tuesday to combat the U.S. Postal Service’s ailing financial condition and add accountability for the agency to deliver mail on time—after the House did so in February—approving the measure in a landslide bipartisan vote even as USPS has become increasingly politicized under Postmaster General Louis DeJoy.

The Postal Service Reform Act passed the Senate in a 79-19 vote, garnering widespread Republican support even beyond the 14 GOP lawmakers who co-sponsored the bill.

The bill will restructure the investment USPS makes in retired employee health plans and add Medicare requirements, which combined are projected to save USPS more than $50 billion over 10 years, according to lawmakers behind the bill.

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