To amend title 39, United States Code, to modernize the Postal Service regulations, and for other purposes.

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Legislation Details

Amends title 39 of the United States Code to modernize Postal Service regulations.
Introduces cost and efficiency reforms, including adjustments to how postal rates are set based on the Consumer Price Index and a percentage determined by the Postal Regulatory Commission.
Establishes sanctions for the Postal Service if it fails to meet performance targets, allowing the Commission to reduce rate adjustment authority for affected products.
Improves procedures for changes in postal services, requiring the Postal Service to justify decisions that do not align with Commission determinations.
Limits postal rate changes to once every 12 months.
Allows for rate increases for non-compensatory classes under specific conditions, including compliance with established performance targets.
Emphasizes the importance of maintaining and increasing market-dominant mail volume.
Establishes an Office of the Customer Advocate within the Postal Regulatory Commission to represent public interests in proceedings.
Enhances the complaint process, requiring timely action on complaints and allowing for reimbursement in cases of unlawful rates or unreasonable delays.
Mandates the development of a model for estimating demand for postal services by the Postal Regulatory Commission.
Requires the Secretary of the Treasury to invest a portion of the Postal Service Retiree Health Benefits Fund in index funds, with oversight from a newly established investment committee.
Introduces auditing and reporting requirements for the management of the Retiree Health Benefits Fund investments.

Amends title 39 of the United States Code to modernize Postal Service regulations.
Introduces cost and efficiency reforms, including adjustments to how postal rates are set based on the Consumer Price Index and a percentage determined by the Postal Regulatory Commission.
Establishes sanctions for the Postal Service if it fails to meet performance targets, allowing the Commission to reduce rate adjustment authority for affected products.
Improves procedures for changes in postal services, requiring the Postal Service to justify decisions that do not align with Commission determinations.
Limits postal rate changes to once every 12 months.
Allows for rate increases for non-compensatory classes under specific conditions, including compliance with established performance targets.
Emphasizes the importance of maintaining and increasing market-dominant mail volume.
Establishes an Office of the Customer Advocate within the Postal Regulatory Commission to represent public interests in proceedings.
Enhances the complaint process, requiring timely action on complaints and allowing for reimbursement in cases of unlawful rates or unreasonable delays.
Mandates the development of a model for estimating demand for postal services by the Postal Regulatory Commission.
Requires the Secretary of the Treasury to invest a portion of the Postal Service Retiree Health Benefits Fund in index funds, with oversight from a newly established investment committee.
Introduces auditing and reporting requirements for the management of the Retiree Health Benefits Fund investments.