[Vision2020] "USPS vs. FedEx/UPS" Concerns

[Wayne Price]

OK, And replace it with what?

"The Postal Accountability and Enhancement Act of 2006  (PAEA)   
enacted on December 20, 2006, made several changes to the PRC. Besides  
giving the body its current name, the PAEA significantly strengthened  
the Commission's authority to serve as a counterbalance to new  
flexibility granted to the Postal Service in setting postal rates. The  
law also assigns new and continuing oversight responsibilities to the  
PRC, including annual determinations of USPS compliance with  
applicable laws, development of accounting practices and procedures  
for the postal Service, review of the Universal Service requirement,  
and assurance of transparency through periodic reports. New  
enforcement tools given to the PRC include subpoena power, authority  
to direct the Postal Service to adjust rates and to take other  
remedial actions, and levying fines in cases of deliberate  
noncompliance with applicable postal laws. The Act requires the  
Commission to develop and maintain regulations for a modern system of  
rate regulation, consult with the Postal Service on delivery service  
standards and performance measures, consult with the Department of  
State on international postal policies, prevent cross-subsidization or  
other anticompetitive postal practices, promote transparency and  
accountability, and adjudicate complaints. It requires the Postal  
Service to fund within 10 years the pensions for all employees for 75  
years."


WMP

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