Congress Drafting New Bill to Help USPS Become Profitable

Among the highlights of the draft:

• Prevents taxpayer bailouts by providing the USPS the necessary tools to cut costs and restructure its finances.
• Allows the Postal Service to shift to a modified Saturday delivery schedule, maintaing packages and medical supplies deliveries.
• Offers an affordable payment plan for retiree health care benefits.
• Brings in new leadership to manage the USPS during restructuring, temporarily replacing the Board of Governors with a panel tasked with turning the USPS around.
• Modernizes mail delivery, eliminating “to the door” delivery while saving $4 billion or more annually.

Congress ran out of time in 2012 to push through a bipartisan bill that was intended to put the USPS back on the path to profitability.