‘‘(B) the Committee on Oversight and Gov-
ernment Reform of the House of Representa-
tives; and 
‘‘(C) the Postal Regulatory Commission. 
‘‘(2) MATTERS TO BE ADDRESSED.—At a min-
imum, the strategy required by this subsection shall 
address— 
‘‘(A) the specific innovative postal and 
nonpostal products and services to be developed 
and offered by the Postal Service, including the 
nature of the market demand to be satisfied by 
each product and service and the estimated 
date by which each product and service will be 
introduced; 
‘‘(B) the cost of developing and offering 
each product or service; 
‘‘(C) the anticipated sales volume for each 
product and service; 
‘‘(D) the anticipated revenues and profits 
expected to be generated by each product and 
service; 
‘‘(E) the likelihood of success of each prod-
uct and service and the risks associated with 
the development and sale of each product and 
service; 
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‘‘(F) the trends anticipated in market con-
ditions that may affect the success of each 
product and service during the 5-year period 
following the submission of the report; and 
‘‘(G) the metrics that will be used to assess 
the effectiveness of the innovation strategy. 
‘‘(3) STRATEGY
UPDATES.—The Postmaster 
General shall— 
‘‘(A) update the strategy required under 
this subsection every 2 years; and 
‘‘(B) submit the updated strategy, at the 
same time the President submits the annual 
budget request under section 1105 of title 31 
for that year, and together with the report on 
performance under subsection (g), to— 
‘‘(i) the Committee on Homeland Se-
curity and Governmental Affairs of the 
Senate; 
‘‘(ii) the Committee on Oversight and 
Government Reform of the House of Rep-
resentatives; and 
‘‘(iii) the Postal Regulatory Commis-
sion. 
‘‘(g) REPORT ON PERFORMANCE.— 
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‘‘(1) IN
GENERAL.—The Postmaster General 
shall submit an annual report that describes the 
progress of the Postal Service in implementing the 
strategy under this section, at the same time the 
President submits the annual budget request under 
section 1105 of title 31, to— 
‘‘(A) the Committee on Homeland Security 
and Governmental Affairs of the Senate; 
‘‘(B) the Committee on Oversight and Gov-
ernment Reform of the House of Representa-
tives; and 
‘‘(C) the Postal Regulatory Commission. 
‘‘(2) MATTERS TO BE ADDRESSED.—At a min-
imum, a report under this subsection shall include— 
‘‘(A) the revenue generated by each prod-
uct and service developed through the strategy 
under this section and the costs of developing 
and offering each product or service for the pre-
ceding year; 
‘‘(B) the total sales volume and revenue 
generated by each product and service on a 
monthly basis for the preceding year; 
‘‘(C) trends in each market in which a 
product or service is intended to satisfy a de-
mand; 
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‘‘(D) products and services identified in 
the strategy under this section that are to be 
discontinued, the date on which the discontinu-
ance will occur, and the reasons for the dis-
continuance; 
‘‘(E) alterations in products and services 
identified in the strategy under this section that 
will be made to address changing market condi-
tions, and an explanation of how the alterations 
will ensure the success of the products and 
services; and 
‘‘(F) the performance of the strategy 
under this section according to the metrics 
identified under subsection (e)(2)(G). 
‘‘(h) STUDY AND REPORT BY COMPTROLLER GEN-
ERAL.— 
‘‘(1) STUDY.— 
‘‘(A) IN GENERAL.—The Comptroller Gen-
eral of the United States shall conduct a study 
on the implementation of the strategy under 
this section that assesses the effectiveness of 
the Postal Service in identifying, developing, 
and selling innovative postal and nonpostal 
products and services. 
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