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USPS would face tougher climb to hike rates under new House bill

September 12, 2022

READ FULL ARTICLE AT » Washington Times

Twice-yearly postal rate increases could be reined in if a bill introduced in the House becomes law.

Rep. Gerry Connolly, Virginia Democrat, has authored the “Ensuring Accurate Postal Rates Act,” a measure requiring the independent Postal Regulatory Commission to re-examine the U.S. Postal Service’s authority to raise rates twice a year and above the rate of inflation. He introduced the measure Friday.

On July 10, the USPS raised the one-ounce first class mail rate from 58 cents to 60 cents, and has indicated rate hikes will take place more frequently. In August, the agency said it would implement “temporary rate adjustments” for commercial and retail mailers of “key package products” for the 2022 holiday season, similar to previous years.

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