Sec. 6001. COVID–19 borrowing authority for the United States Postal Service
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/bill/116/hr/748/enr/section-6001·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section— the term COVID–19 emergency means the emergency involving Federal primary responsibility determined to exist by the President under section 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5191(b) ) with respect to the Coronavirus Disease 2019 (COVID–19); and the term Postal Service means the United States Postal Service. Notwithstanding section 2005 of title 39, United States Code, or any other provision of law, if the Postal Service determines that, due to the COVID–19 emergency, the Postal Service will not be able to fund operating expenses without borrowing money— the Postal Service may borrow money from the Treasury in an amount not to exceed $10,000,000,000— to be used for such operating expenses; and which may not be used to pay any outstanding debt of the Postal Service; and the Secretary of the Treasury may lend up to the amount described in paragraph
(1)at the request of the Postal Service, upon terms and conditions mutually agreed upon by the Secretary and the Postal Service. Notwithstanding any other provision of law, during the COVID–19 emergency, the Postal Service— shall prioritize delivery of postal products for medical purposes; and may establish temporary delivery points, in such form and manner as the Postal Service determines necessary, to protect employees of the Postal Service and individuals receiving deliveries from the Postal Service.
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Sec. 6001
COVID–19 borrowing authority for the United States Postal Service
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