The Congress finds the following:
(1)
By law, the Postal Service operates as “a basic and fundamental service provided to the people by the Government of the United States” and must serve rural, suburban, and urban areas throughout the United States.
(2)
The Postal Service is a lifeline for businesses and consumers across the United States, especially those in remote and rural areas of the country, delivering business correspondence, educational, cultural and scientific information, critical prescriptions and medications, household items, and commercial goods with affordable, reliable service not fewer than 6 days per week.
(3)
The Postal Service helps small businesses stay connected with their customers no matter where they are located or where their customers live.
(4)
Since 1970, the Postal Service has been charged with operating as a self-sustaining entity and its operations are funded from postage paid for mail and shipping and not primarily by taxpayer funds.
(5)
The Government Accountability Office reports that the Postal Service has lost approximately $78,000,000,000 from fiscal year 2007 through 2019 due primarily to declining mail volumes and rising costs.
(6)
Package delivery volumes have more than doubled since 2010, but the Postal Service faces competition in this area.
(7)
The Postal Service is not on a sustainable path and needs reform to be viable over the long term.
(8)
Reforms must be focused on the long term solvency of the Postal Service while ensuring the greatest benefit to the public and 630,000 employees of the Postal Service.
(9)
By law, the authority for operation and strategic direction of the Postal Service, an independent establishment of the executive branch, is delegated to the Board of Governors of the Postal Service, including the Postmaster General.
(10)
On May 6, 2020, the Board of Governors of the Postal Service selected Louis DeJoy as the 75th Postmaster General of the United States.
(11)
The new Postmaster General should be given the opportunity to review the operations and finances of the Postal Service and, in coordination with the rest of the Board of Governors of the Postal Service, propose a plan to ensure its long term viability.
(12)
At the same time, the COVID–19 pandemic has significantly contributed to the decline in market dominant mail volumes and revenues while increasing costs, putting additional stress on the financial situation of the Postal Service.
(13)
Now more than ever, affordable mail and package delivery provided by the Postal Service is a lifeline for people in the United States, especially for seniors and others living in remote and rural areas.
(14)
The critical services the Postal Service provides will play a fundamental part of the economic recovery of the United States.
(15)
Congress should provide immediate emergency appropriations to cover financial losses to the Postal Service caused by the COVID–19 pandemic in order to keep the Postal Service operating without interruptions in service and to give the new Postmaster General and the Board of Governors of the Postal Service time to formulate and propose to Congress a plan to ensure the long term viability of the Postal Service.
(16)
In addition, although Congress recognized the critical role the Postal Service plays by providing $10,000,000,000 in borrowing authority in the CARES Act (Public Law 116–136; 134 Stat. 281) to address operating losses caused by the COVID–19 pandemic, clarification is required with respect to the terms and conditions imposed by the Secretary of the Treasury on any such borrowing.