House Oversight Hearing to Examine USPS need for postal reform legislation

House Oversight Hearing to Examine USPS need for postal reform legislationU.S. House of Representatives, Oversight & Government Reform Committee  hearing

REFORMING THE POSTAL SERVICE: FINDING A VIABLE SOLUTION. 

Hearing Date: May 11, 2016 10:00 Am 2154 Rayburn HOB 0511

PURPOSE:

  • To examine the need for timely and comprehensive postal reform legislation.
  • To hear from key stakeholders to better understand the specific provisions necessary for a comprehensive solution.

BACKGROUND:

  • The United States Postal Service (USPS) faces significant and growing financial challenges.
    • From 2007-2015, USPS experienced a cumulative net loss of $56.8 billion.
  • Since 2012, USPS has not made its annual $5.6 billion statutorily-required payments to the Retiree Health Benefit Fund.
  • In addition, USPS has a combined pension funding shortfall of $24.1 billion.

INVITED WITNESSES:

Ms. Megan Brennan
Postmaster General
United States Postal Service

The Honorable Robert G. Taub
Acting Chairman
U.S. Postal Regulatory Commission

Ms. Lori Rectanus
Director
Physical Infrastructure Issues
U.S. Government Accountability Office

Ms. Jessica Lowrance
Executive Vice President
Association for Postal Commerce

Mr. Fredric Rolando
President
National Association of Letter Carriers