Earlier this month, President Joe Biden signed the Postal Service Reform Act of 2022. This law will provide the Postal Service with financial stability for years to come. The bipartisan bill passed the Senate in a 79-19 vote, after passing from the House in March with a 342-92 vote.
The Postal Service Reform Act will create $50 billion dollars in savings for the next 10 years. In addition, postal workers retirees will be automatically enrolled in Medicare; previously, the Postal Service was financially responsible for paying retiree health services.
“The Postal Service Reform Act will improve accountability, transparency and sustainability of the Postal Service. USPS will be required to provide at least six days of service per week and to create an online dashboard to track delivery times. The bill also makes several reforms to the Post Office’s finances which will save USPS tens of billions of dollars over the next ten years. These changes help ensure that the Postal Service can continue to offer its essential services to the American people.” said U.S. Senator Bob Casey (D-PA).
The US Postal Service plans to provide a public dashboard tracking service to track local and national mail for consumers.
While USPS has witnessed net losses in revenue for over a decade, and in fact, delayed health payments every year since 2012 to avoid bankruptcy, this bill will help put the Postal Service back on financial track.
The Postal Service Reform Act also includes additional services in your local postal office. In some locations, for example, consumers will be able to purchase subways passes and fishing licenses in collaboration with state and local government.