Washington, D.C.—The U.S. House of Representatives on Tuesday night overwhelmingly approved the Postal Accountability & Enhancement Act in a 410-20 bipartisan vote. It has been 35 years since the U.S. has updated its postal laws. The legislation mandates transparency in the U.S. Postal Service’s finances, costs and operations, including a modern rate-regulation system.
"Tonight’s passage not only represents the first big step to bring the postal service into the 21st century, but also our best chance at solving the structural, legal and financial constraints that have brought the postal service to the brink of utter breakdown," said U.S. Rep. Tom Davis (R-Va.), one of the bill’s architects.
The Direct Marketing Association, the Magazine Publishers of America and American Business Media all applauded the House’s passage of the bill. "Last night’s vote is the culmination of months—indeed, years—of hard work by many dedicated individuals in our industry and in the Congress," said Nina Link, president-CEO of MPA.
The Senate is expected to vote on a separate but nearly identical bill (S. 662). The two branches of Congress are then expected to resolve outstanding issues before sending a common bill to President Bush for his signature.