11/12/2023 0 Comments Scored low on packrat paeaBy the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. īetween 20, the USPS lost $62.4 billion the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. When he signed the bill on December 20, 2006, Bush issued a signing statement that says that the government can open mail under emergency conditions, though Waxman asserted that the government cannot do this without a search warrant. According to Tom Davis, the Bush administration threatened to veto the legislation unless they added the provision regarding funding the employee benefits in advance with the objective of using that money to reduce the federal deficit. It also mandated the USPS to deliver six days of the week. It reorganized the Postal Rate Commission, compelled the USPS to pay in advance for the health and retirement benefits of all of its employees for at least 50 years, and stipulated that the price of postage could not increase faster than the rate of inflation. PAEA was the first major overhaul of the United States Postal Service (USPS) since 1970. The bill was approved during the lame duck session of the 109th Congress, and approved without objection via voice vote. As the chair of the Senate Oversight committee, Senator Susan Collins of Maine shepherded the bill's passage through the Senate. McHugh of New York and Democrats Henry Waxman of California and Danny K. The bill was introduced in the United States House of Representatives by Tom Davis, a Republican from Virginia, and cosponsored by Republican John M. The Postal Accountability and Enhancement Act (PAEA) is a United States federal statute enacted by the 109th United States Congress and signed into law by President George W. Signed into law by President George W.Passed the Senate on December 9, 2006 (unanimous consent).Passed the House on December 8, 2006 (voice vote).Committee consideration by House Government Reform Committee.Introduced in the House as the Postal Accountability and Enhancement Act ( H.R. 6407) by Tom Davis ( R- VA) on December 7, 2006.
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