sibilities, a greater change shall be allow-
able if approved by the Authority; 
(v) apart from basic pay, a Level-Two 
Postal Service Executive may not be af-
forded any bonus, award, or other mone-
tary compensation for any full fiscal year 
in the control period if expenditures of the 
Postal Service for such fiscal year exceeded 
revenues of the Postal Service for such fis-
cal year (determined in accordance with 
generally accepted accounting principles); 
and 
(vi) no deferred compensation may be 
paid, accumulated, or recognized in the 
case of any Level-Two Postal Service Exec-
utive, with respect to any full year in the 
control period, which is not generally paid, 
accumulated, or recognized in the case of 
employees of the United States (outside of 
the Postal Service) in level I of the Execu-
tive Schedule under section 5312 of title 5, 
United States Code, with respect to such 
year. 
(C) BONUS AUTHORITY.—Section 3686 of 
title 39, United States Code, shall, during the 
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period beginning on the commencement date of 
the control period and ending on the termi-
nation date of the control period— 
(i) be suspended with respect to all 
Level-Two Postal Service Executives; but 
(ii) remain in effect for all other offi-
cers and employees of the Postal Service 
otherwise covered by this section. 
(4) CERTIFICATION REQUIREMENT.—The con-
trol period may not terminate until after the Author-
ity, with the concurrence of the Secretary of the 
Treasury and the Director of the Office of Personnel 
Management, certifies to the Director of the Office 
of Management and Budget that— 
(A) for 2 consecutive fiscal years (occur-
ring after the date of enactment of this Act), 
expenditures of the Postal Service did not ex-
ceed revenues of the Postal Service (as deter-
mined in accordance with generally accepted ac-
counting principles); 
(B) the Authority has approved a Postal 
Service financial plan and budget that shows 
expenditures of the Postal Service not exceeding 
revenues of the Postal Service (as so deter-
mined) for the fiscal year to which such budget 
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pertains and each of the next 3 fiscal years; 
and 
(C) the Postal Service financial plan and 
budget (as referred to in subparagraph (B)) in-
cludes plans— 
(i) 
for 
the 
repayment 
of 
any 
collateralized debt authorized by section 
503; and 
(ii) to properly fund Postal Service 
pensions and retiree health benefits in ac-
cordance with applicable provisions of title 
5, United States Code. 
(5) TERMINATION OF CONTROL PERIOD.— 
(A) TERMINATION DATE.— 
(i) GENERAL RULE.—Except as pro-
vided in clause (ii), the control period shall 
terminate 180 days after the date on which 
the certification described in paragraph (4) 
is made. 
(ii) ALTERNATIVE DATE.— 
(I) AUTHORITY.—The Director 
of the Office of Management and 
Budget may, by written notice given 
to the Authority within 15 days after 
the date on which the certification de-
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scribed in paragraph (4) is made, pro-
vide for an alternative termination 
date (in lieu of the date that would 
otherwise apply under clause (i)). 
(II) RANGE.—An alternative date 
under this clause shall not apply un-
less such date occurs not less than 30 
days after the date on which written 
notice under subclause (I) is given 
and not later than 180 days after the 
date on which the certification de-
scribed in paragraph (4) is made. 
(B) PUBLIC NOTICE.—The Authority shall 
cause to be published in the Federal Register— 
(i) the date on which the certification 
described in paragraph (4) is made, not 
later than 1 business day after the date on 
which such certification is made; and 
(ii) the termination date of the control 
period, not later than 16 business days 
after the date on which the certification 
described in paragraph (4) is made. 
SEC. 203. MEMBERSHIP AND QUALIFICATION REQUIRE-
MENTS. 
(a) MEMBERSHIP.— 
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(1) IN GENERAL.—The Authority shall consist 
of 5 members appointed by the President who meet 
the qualifications described in subsection (b), except 
that the Authority may take any action under this 
subtitle at any time after the President has ap-
pointed the initial 4 of its members. Members of the 
Authority shall report to the Secretary of the Treas-
ury. 
(2) RECOMMENDATIONS.—Of the 5 members so 
appointed— 
(A) 1 shall be appointed by the President 
taking into account any individuals rec-
ommended by the Speaker of the House of Rep-
resentatives; 
(B) 1 shall be appointed by the President 
taking into account any individuals rec-
ommended by the majority leader of the Senate; 
(C) 1 shall be appointed by the President 
taking into account any individuals rec-
ommended by the minority leader of the House 
of Representatives; 
(D) 1 shall be appointed by the President 
taking into account any individuals rec-
ommended by the minority leader of the Senate; 
and 
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(E) 1 shall be appointed by the President 
taking into account any individuals rec-
ommended by the Comptroller General. 
(3) POLITICAL AFFILIATION.—No more than 3 
members of the Authority may be of the same polit-
ical party. 
(4) CHAIR.—The President shall designate 1 of 
the members of the Authority as the Chair of the 
Authority. 
(5) SENSE
OF
CONGRESS
REGARDING
DEAD-
LINE FOR APPOINTMENT.—It is the sense of Con-
gress that the President should appoint the members 
of the Authority as soon as practicable after the 
date of enactment of this Act, but no later than 30 
days after such date. 
(6) TERM OF SERVICE.— 
(A) IN GENERAL.—Except as provided in 
subparagraph (B), each member of the Author-
ity shall be appointed for a term of 3 years. 
(B) APPOINTMENT FOR TERM FOLLOWING 
INITIAL TERM.—As designated by the President 
at the time of appointment for the term imme-
diately following the initial term, of the mem-
bers appointed for the term immediately fol-
lowing the initial term— 
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