Virginia Foxx: “I thank my colleague from Kentucky who has done a masterful job, along with Chairwoman Maloney, on this bill. Madam…”

“I thank my colleague from Kentucky who has done a masterful job, along with Chairwoman Maloney, on this bill. Madam Speaker, I rise today in support of H.R. 3076, the Postal Service Reform Act. The Postal Service is projected to lose $160 billion over the next 10 years as mail volume decreases and costs continue to increase. If nothing changes, the Postal Service will run out of cash in 2024 and plead for another taxpayer bailout. This bill, coupled with Postmaster General DeJoy's 10-year reform plan, will return the Postal Service to a more sustainable path. It provides additional transparency mechanisms to help hold the Postal Service accountable for meeting its goals and ultimately lead its management to operate more efficiently. It also allows the Postal Service to choose the most economic reform of transportation, rather than using outdated rules that are not tailored to the modern needs of the Postal Service. The Postal Service Reform Act allows the Postmaster General to make two financial reforms that are key to the 10-year reform plan. It allows for Medicare integration and the elimination of the pre-funding obligations. Last Congress, I requested a recorded vote on H.R. 2382, the USPS Fairness Act, and I voted ``no'' on that bill because I believe it is irresponsible for the Postal Service to shed its pre-funding obligations without making needed reforms so that taxpayers are not asked to repeatedly bail it out.…”