On the recordFebruary 8, 2022
I thank Chairwoman Maloney for her leadership, as well as Ranking Member Comer. I am also proud as an original cosponsor of this bill and as the chairman of the subcommittee with jurisdiction over postal issues. This bill contains provisions that, when taken together, will right the course of the Postal Service, returning it to solvency and removing undue burdens that have mired it in debt for 16 years. Much of the blame for the Postal Service's financial struggle rests squarely here in Congress. In 2003, Congress enacted the Postal Accountability and Enhancement Act, requiring the Postal Service to make annual, exorbitant prepayments into its retiree health benefits fund, a requirement required of no other entity in the United States. These payments kept the Postal Service from profitability for years, since 2006. To be sure, this prepayment is not the only issue plaguing the Postal Service's financial posture in an increasingly online and digital society. But as the ranking member indicated, what this bill does do is takes care of that red ink that we are responsible for and puts the Postal Service in a position to buy time to develop a 21st century business model that will work and will continue to serve the American people.…





