The Government Reform Committee announced a “manager’s
amendment” to HR-22 that includes provisions aimed at
further modernizing the postal service’s business
operations, including a requirement to file public
financial statements and reports to the Postal Rate
Commission, similar to those the Securities and Exchange
Commission requires from private companies.
products fund — created under the bill — to borrowing,
banking, and investing from the Department of Treasury
rather than from the private sector, the committee said.
It said another provision authorizes the postal service
board of governors to compensate no more than 12 senior
executives to receive higher levels of pay than those
permitted under current law.
A work-sharing provision conforms the House bill to
the Senate bill — under consideration before the Senate
Homeland Security and Governmental Affairs Committee —
which eliminates the House version’s five-year limit
on new work-sharing discounts that exceed the costs
avoided by the Postal Service due to mailer
preparation and transportation, the committee said.
