The Postal Service Reform Act passed the U.S. Senate on March 8 with bipartisan support.
Now that the bill has passed both houses of Congress, it heads to the White House for President Joe Biden’s signature.
The legislation eliminates the Postal Service’s outdated, burdensome retiree health benefit prefunding requirement and integrates the organization’s retiree health benefit program with Medicare in a manner that is consistent with private sector best practices.
The bill also formalizes the organization’s obligation to deliver mail and packages six days per week through an integrated delivery network, and it includes accountability, transparency and reporting requirements.
“With the legislative financial reforms achieved today, combined with our own self-led operational reforms, we will be able to self-fund our operations and continue to deliver to 161 million addresses six days per week for many decades to come,” said Postmaster General Louis DeJoy.
“I thank the Senate and our committee leadership that broke the 10-year logjam which has long constrained the finances of the Postal Service. The Postal Service serves every American every day and so it’s only right that our future is now collectively assured by members of all political parties.”
The legislation is an important component of the Postal Service’s 10-year strategic plan, Delivering for America, to achieve financial sustainability and service excellence.
The Postal Service’s March 8 news release and a postal reform fact sheet have more information.
Postal Reform Fact Sheet