Postal Reform Pulled From Fire

President Bush signed the legislation into law on December 20.

“Passage of postal reform will allow this vital segment of the nation’s economy to remain viable and successful in the years to come,” said Michael Makin, president and CEO of PIA/GATF.

Among the highlights of the compromise:

• A cap on rates linked to increases in the Consumer Price Index (CPI) that would be reviewed after 10 years by a newly created Postal Regulatory Commission.