Sec. 305. Chief Innovation Officer; innovation strategy
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Chapter 2 of title 39, United States Code, is amended by adding at the end the following: There shall be in the Postal Service a Chief Innovation Officer appointed by the Postmaster General from among officers and employees of the Postal Service. The Chief Innovation Officer shall have proven expertise and a record of accomplishment in areas such as— business process management; the postal and shipping industry; innovative product research and development; brand marketing strategy; or new and emerging technology, including communications technology.
The Chief Innovation Officer shall lead the development and implementation of— innovative postal products and services, particularly products and services that use new and emerging technology, including communications technology, to improve the net financial position of the Postal Service; and nonpostal services authorized under section 404(a)(6) that have the potential to improve the net financial position of the Postal Service. . The table of sections for chapter 2 of title 39, United States Code, is amended by adding at the end the following: 209.
Chief Innovation Officer. . Not later than 90 days after the date of enactment of this Act, the Postmaster General shall appoint a Chief Innovation Officer under section 209 of title 39, United States Code, as added by paragraph (1). The Postal Service shall fund the office of the Chief Innovation Officer established under section 209 of title 39, United States Code, as added by paragraph (1), using existing resources. Not later than 270 days after the date of enactment of this Act, the Postmaster General, acting through the Chief Innovation Officer, shall submit a report that contains a comprehensive strategy (referred to in this subsection as the innovation strategy ) for improving the net financial position of the Postal Service through innovation, including the offering of new postal and nonpostal services, to— the Committee on Homeland Security and Governmental Affairs of the Senate; and the Committee on Oversight and Government Reform of the House of Representatives.
At a minimum, the report on innovation strategy required under subparagraph
(A)shall describe— the specific innovative postal and nonpostal services to be developed and offered by the Postal Service, including— the nature of the market demand to be satisfied by each product or service; and the estimated date by which each product or service will be introduced; the cost of developing and offering each product or service; the anticipated sales volume for each product or service; the anticipated revenues and profits to be generated by each product or service; the likelihood of success of each product or service and the risks associated with the development and sale of each product or service; the trends anticipated in market conditions that may affect the success of each product or service during the 5-year period beginning on the date of the submission of the report under subparagraph (A); any innovations designed to improve the net financial position of the Postal Service, other than the offering of new products and services; and the metrics that will be used to assess the effectiveness of the innovation strategy. Not later than 1 year after the date of the submission of the initial report containing the innovation strategy under paragraph (1), and annually thereafter for 10 years, the Postmaster General, acting through the Chief Innovation Officer, shall submit a report on the implementation of the innovation strategy to— the Committee on Homeland Security and Governmental Affairs of the Senate; and the Committee on Oversight and Government Reform of the House of Representatives. At a minimum, an annual report submitted under subparagraph
(A)shall include— an update of the initial report on innovation strategy submitted under paragraph (1); a description of the progress made by the Postal Service in implementing the products, services, and other innovations described in the initial report on innovation strategy; and an analysis of the performance of each product, service, or other innovation described in the initial report on innovation strategy, including— the revenue generated by each product or service developed in accordance with the innovation strategy under this section and the cost of developing and offering each product or service for the preceding year; trends in each market in which a product or service is intended to satisfy a demand; each product or service identified in the innovation strategy that is to be discontinued, the date on which each discontinuance will occur, and the reasons for each discontinuance; each alteration that the Postal Service plans to make to a product or service identified in the innovation strategy to address changing market conditions and an explanation of how each alteration will ensure the success of the product or service; the performance of innovations other than new products and services that are designed to improve the net financial position of the Postal Service; and the performance of the innovation strategy according to the metrics described in paragraph (1)(B)(viii).