Rae Evans, ABM's Washington lobbyist, told attendees that a postal reform bill would soon be introduced in the U.S. House of Representatives. "Certainly by the end of next week," she said.
The bill, which is likely to be a bipartisan effort backed by Reps. Tom Davis (R-Va.) and Henry Waxman (D-Calif.), will introduce measures to enable the Postal Service to control labor and facilities costs and provide stricter oversight of the agency. Additionally, the bill will likely address questions about a $3 billion contribution the Postal Service has not had to make to its over-funded pension fund.
If the matter of the Postal Service's pension fund is not solved favorably via legislation, Evans said the fallout would be "absolutely horrific." She added that it would likely result in "rate increases every year at levels you can't imagine."