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USPS gets a financial overhaul

https://www.usatoday.com/story...-to-know/9482162002/

What's in the Postal Service Reform Act?

The reform legislation aims to address some of those problems.

Under the law, the mandate that required the Postal Service to pay into future retiree health benefits will be dropped. Instead, retired postal employees will be required to enroll in Medicare.

In addition, the USPS must maintain a public dashboard tracking service performance and will report regularly on its "operations and financial condition," according to a summary of the bill. It will also be able to create "non-postal services" in partnership with state and local government, like fishing licenses and subway passes, McConnell said.

More on the bill::Bill OK'd by House would ease Postal Service budget strains. Measure is backed by Louis DeJoy.

The bill will save the Postal Service almost $50 billion over the next decade, according to Michigan Sen. Gary Peters, chairman of the Homeland Security and Governmental Affairs Committee.

"This bill, which has been 15 years in the making, will finally help the Postal Service overcome burdensome requirements that threaten their ability to provide reliable service to the American people,” Peters, a Democrat, said in a March 8 statement.

Still, some say the bill doesn't go far enough. McConnell, who called the act "a skinny bill by all measures," said some items the bill could have added include postal banking, funds to make postal trucks electric with public charging stations, census outreach and grocery delivery.

"This bill buys us time to have a conversation about the future of the post office," McConnell said. "The urgent conversation we turn to now is what should the future of the post office look like?"

*For Entertainment Purposes Only* (mainly mine...)

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