The House Oversight Committee will hold a hearing on Tuesday, February 7 at 10AM ET to consider the latest postal “reform” bill.

From the Committee announcement:

PURPOSE:

To examine the need for timely and comprehensive postal reform legislation.

To discuss provisions that stakeholders believe are necessary in a comprehensive reform bill.

BACKGROUND:

USPS reported a net loss of $5.3 billion for FY2016, representing the tenth consecutive year of net losses.

USPS has more than $120 billion in unfunded liabilities, including a $21.3 billion pension funding shortfall.

USPS has been unable to make statutorily required payments to unfunded liabilities and is poised to run increasingly large operational deficits in the coming years, having already exhausted its $15 billion in statutory borrowing authority.

INVITED WITNESSES:

The Honorable Megan J. Brennan

Postmaster General

United States Postal Service

The Honorable Robert G. Taub

Chairman

Postal Regulatory Commission

Ms. Lori Rectanus

Director, Physical Infrastructure Issues

U.S. Government Accountability Office

Mr. Arthur Sackler

Manager

Coalition for a 21st Century Postal Service

Mr. Fredric V. Rolando

President

National Association of Letter Carriers