William M. Thomas: “Mr. Speaker, let me read the Republican segment on the question of the exchange of stamps for cash: A lack of standard…”

“Mr. Speaker, let me read the Republican segment on the question of the exchange of stamps for cash: A lack of standard procedures and failure to follow USPS regulations may have permitted some Members' personal and campaign offices to convert official funds to personal use by exchanging stamps for cash. While the USPS may, under certain circumstances, exchange damaged USPS stamps for new stamps, USPS regulations prohibit the exchange of stamps for cash. There have been various public reports of stamps being exchanged for cash for some Members and others. If such activity occurred, Official Expenses Allowance funds may have been turned into cash for possible personal or other use. This matter is the subject of a continuing Grand Jury investigation. That is the Republican examination of stamps for cash.”