“With the bipartisan bill introduced today in the Senate, we are closer to placing the Postal Service on the path towards fiscal sustainability and long-term viability, which is exactly what the American people need us to do,” said Ranking Member James Comer. “Leaders in the Senate and the House will continue working together to deliver a bill to the President’s desk to provide a first-class Postal Service for the American people.”

“I would like to congratulate and thank Chairman Peters and Ranking Member Portman for introducing the bipartisan Senate companion to our Postal Service Reform Act,” said Chairwoman Maloney. “This bipartisan legislation is crucial to help the Postal Service get on a sustainable financial path for the future and ensure that the Postal Service is transparent with Congress and the American people. I look forward to working with Senators Peters and Portman to get this bill signed into law as soon as possible.”

The Postal Service’s financial condition has been deteriorating over the past decade due to a number of factors. The provisions included in the Postal Service Reform Act are critical to helping the Postal Service remain financially viable. The provisions include: Medicare integration, repealing a requirement for the Postal Service to pre-fund retiree health benefits, service performance reporting, reporting on Postal Service operations and finances, the requirement that the Postal Service operate six days per week, and other matters.