Senate Committee Approves Amendments To Postal Bill S 1507

Posted on by postal

 The Senate Homeland Security and Governmental Affairs Committee met today to mark-up S. 1507. The amendments target arbitration and executive bonuses and USPS borrowing. 

According to Postcom.org:

The following amendments were adopted to S. 1507 Postal Service Retiree Health Benefits Funding Reform Act of 2009 on July 29, 2009 at the Senate Committee on Homeland Security & Government Affairs bill mark-up business meeting.

Coburn # 1 Would require any binding arbitration in the negotiation of postal contracts to take the financial health of the Postal Service into account.

Coburn #3 Would prohibit the Postal Service from issuing bonuses in any year that it reports a yearend net loss.
 
Collins #2 Would require GAO to expedite the reporting requirements for its study of USPS’s options and strategies for the long-term structural and operational USPS reforms. The Postal Enhancement and Accountability Act of 2006 requires that GAO conduct this study by 2011. This amendment would require that the study be complete by March 31, 2010, so that USPS can benefit from this study sooner.

Collins #3 Would limit USPS’s total outstanding debt to $15 billion, as required under current law. The underlying bill would allow USPS to borrow an additional $2 billion in fiscal years 2009 and 2010 (increases annual borrowing from $3 billion to $5 billion), but exempts the $2 billion from being applied to USPS’s total debt ceiling of $15 billion. This amendment would require that any additional amount of the additional $2 billion USPS borrows apply to the $15 billion debt ceiling.

 

19 thoughts on “Senate Committee Approves Amendments To Postal Bill S 1507”

  3. How do you feel about welfare? There are legitimate reasons for it, correct? However, why should the federal government give the American public a subsidized .44 cent stamp. Because that is exactly what the American public, and magazine, and newspaper publishers, and other corporations are getting when they come to the Postal Service. Every one of them is getting welfare by utilizing the Postal Servie. The PRC artifially keeps the cost of mailing anything, low. With a low overhead, we’re not paying share holders stock dividends. It’s time to remove this subsidy from the American public. Privatize the Postal Service now. Pay what you should for shipping. Look at UPS and FedEx. They charge more because it costs them more to operate, and they have share holders to pay. If there were money in the first class stamp, then somebody before now would have been in this business by now.
    If they, the large mailers, don’t like the postage rates they pay, then go to congress and ask for a handout, just like Detroit did. Oh, I forgot, at least the banks are clamoring for a hanout. The Postal Service operates on such a low overhead, ( we don’t pay stock holders)that they can’t help but go broke every recession cycle.

  4. Come on folks You all know only 25% of you actually move the mail and that is what we get paid for you come in to sit on your cell phones,socialize eat lunch three times a day and of course volunteer for overtime. Look in the Mirror for the answer to why we are in the shape were in!

  5. It has been the goal of the GOP to privatize the
    USPS all along.
    It is one of their basic beliefs that ONLY THE
    PRIVATE SECTOR is able to efficiently and cheaply
    deliver goods and services.
    I laugh at all the comments trying to tie the
    Democratic Speaker of the House to a SENATE BILL…
    and to try and tie the President and Democratic
    Senators to these Senate Bill amendments.
    We have some pretty ignorant people out there, and
    if they truly DO WORK FOR THE USPS, to vote for
    ANY Republicant/RepubliCON is completely against
    your best interest.
    And Lieberman I count as a REPUBLIWIMP…he’ll
    never be elected again after his term is up.
    This entire effort to dismantle and hobble the
    Postal Service is led by Bushie Postal management
    minions, Bushie PRC and Board of Governors, and
    now RepubliCon Senators….
    It’s too bad for the American people…you get
    what you pay for.

  6. Can’t you see that the Republicans will try to do anything they can, always, to step on the working man. It’s the Republicans, who call for these amendments, not the Democrats. Let’s see if this passes the full Senate. I bet it won’t.

  8. And still nothing about cutting postal management positions.
    There should be a 50% reduction in EAS!!

  10. Coburn #1 doesn’t look good. We have to get it out of there. These sneaky add-on amendments the last few years to a lot of bills are underhanded.

  11. Wait… wait… what’s that sound? Oh, it the management unions (NAPS, NAPUS)screaming “FOUL!” We only lost 2.8 billion last year and are only going to lose 7 billion this year! That’s more than twice what we did last year, we earned those bonuses!
    GOOD BYE DISTRICTS AND AREAS!!! Get a REAL JOB!

  13. Hope you like the Change you freak’n morons.

    You’ll vote for the party in COMPLETE control again and again. You are incredibly STOOPID. Nancy Pelosi and I say “Thanks Retards”. Blame it on Bush! hahahahahahahahaha…

  14. Hope you like the Change you freak’n morons.

    You’ll vote for the party in COMPLETE control again and again. You are incredibly STOOPID. Nancy Pelosi and I say “Thanks Retards”. Blame it on Bush! hahahahahahahahaha…

  15. Hope you like the Change you freak’n morons.

    You’ll vote for the party in COMPLETE control again and again. You are incredibly STOOPID. Nancy Pelosi and I say “Thanks Retards”. Blame it on Bush! hahahahahahahahaha…

  19. it’s that feakin’ collins fault we are in this mess to begin with. she should resign and do us all a huge favor by doing so

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