Senate Gets Into the Postal Reform Game; Has Strong Bipartisan Support (piworld.com)

On the heels of last week’s House action on postal reform, the Senate this week got into the game by introducing companion legislation, the Postal Reform Act of 2021, to address USPS financial, service and transparency reforms. This bipartisan legislation, led by Senate Homeland Security & Governmental Affairs Committee Chairman Gary Peters (D-MI) and Ranking Member Rob Portman (R-OH), is substantively identical to the legislation of the same name that was approved by the House Oversight Committee last week.

The bill was introduced with strong bipartisan co-sponsorship, including nine Democrats and eight Republicans, which bodes well for committee passage and – eventually – 60 votes on final passage.

Like its House counterpart, the Act focuses on key financial reforms that have been long-sought by the printing and mailing industry, including: 1) elimination the onerous retiree pre-funding requirement; and 2) integrating postal retirees’ health care into Medicare. According to Senator Portman, these two reforms alone would save $45.9 billion in savings for USPS over the next 10 years.
more at source: https://www.piworld.com/post/senate-gets-into-the-postal-reform-game/#ne=d7f0e6e16b0d037f71fc050491da5623&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2021-05-20