Sec. 1. Short title; findings
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This Act may be cited as the . Ensuring Accurate Postal Rates Act Congress finds the following: The review of the market-dominant ratemaking system conducted by the Postal Regulatory Commission (in this Act referred to as the Commission ) pursuant to section 3622(d)(3) of title 39, United States Code, resulted in the Commission’s Order Number 5763 (submitted on November 30, 2020) adopting final rules for the system of regulating rates and classes for market dominant products.
Such final rules rely in major part upon an earlier finding of the Commission that the then-existing system of market-dominant ratemaking had not enabled the United States Postal Service to achieve medium- and long-term financial stability. The Commission’s findings as to medium- and long-term financial stability rested upon its calculation of deficits (largely relating to retiree benefit obligations) accumulated on the Postal Service’s books of account. Section 102(c)(1) of the USPS Fairness Act (section 102 of Public Law 117–108 ) canceled the unpaid Postal Service obligations under section 8909a of title 5, United States Code, thereby removing an essential basis of such final rules.
Such final rules also did not adequately take into account the benefit to the Postal Service’s financial condition from the growth of its competitive products and competitive revenues or other improvements in its financial condition during and following the Covid–19 pandemic.
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Sec. 1
Short title; findings
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