Congressman Krishnamoorthi Applauds House Passage Of Postal Service Reform Act

WASHINGTON – Today, Congressman Krishnamoorthi applauded the passage of the Postal Service Reform Act, a bill which he cosponsored, through the House of Representatives. This bill aims to save the U.S. Postal Service money and ensure its longevity as a public service for the American people. This bill saves the USPS $57 billion in liabilities and will save the agency another $50 billion over the next decade. The Congressman spoke in support of the bill during the House's floor debate and video of that speech is available here while a transcript of his remarks follows:

"I rise in support of the Postal Service Reform Act. I want to thank Chairwoman Maloney and Ranking Member Comer for delivering good news for America. What is this good news? This bill eliminates the retirement health prefunding mandate. It requires six day a week delivery. It increases transparency and accountability for the Postal Service. I want to thank all of our allies who have been working to pass this bill including the letter carriers, post handlers, rural carriers, postal workers. Neither snow, nor rain, nor heat, nor gloom of night, nor politics, nor partisanship can get in the way of this bill. I urge swift passage of the Postal Service Reform Act. I yield back."

Among other things, the Postal Service Reform Act does the following:

• Requires future Postal Service retirees, who have been paying into Medicare their entire careers, to enroll in Medicare.
• Eliminates the requirement that the Postal Service pre-fund retiree health benefits for all current and retired employees for 75 years in the future.
• Requires the Postal Service to develop an online dashboard with national and local level service performance data updated each week to provide additional transparency and promote compliance with on-time delivery of mail.
• Requires the Postal Service to deliver both mail and packages at least six days per week.