‘‘SUBCHAPTER IV—REPORTING REQUIREMENTS AND RELATED PROVISIONS 
‘‘3651. Annual reports by the Commission. 
‘‘3652. Annual reports to the Commission. 
‘‘3653. Annual determination of compliance. 
‘‘3654. Additional financial reporting. 
‘‘SUBCHAPTER V—POSTAL SERVICES, COMPLAINTS, AND JUDICIAL REVIEW 
‘‘3661. Postal services. 
‘‘3662. Rate and service complaints. 
‘‘3663. Appellate review. 
‘‘3664. Enforcement of orders. 
‘‘SUBCHAPTER VI—GENERAL 
‘‘3681. Reimbursement. 
‘‘3682. Size and weight limits. 
‘‘3683. Uniform rates for books; films, other materials. 
‘‘3684. Limitations. 
‘‘3685. Filing of information relating to periodical publications. 
‘‘3686. Bonus authority.’’. 
TITLE III—PROVISIONS RELAT-
ING TO FAIR COMPETITION 
SEC. 301. POSTAL SERVICE COMPETITIVE PRODUCTS FUND. 
(a) PROVISIONS RELATING TO POSTAL SERVICE COM-
PETITIVE PRODUCTS FUND AND RELATED MATTERS.— 
(1) IN GENERAL.—Chapter 20 of title 39, United 
States Code, is amended by adding at the end the fol-
lowing: 
‘‘§ 2011. Provisions relating to competitive products 
‘‘(a) There is established in the Treasury of the United 
States a revolving fund, to be called the Postal Service Com-
petitive Products Fund, which shall be available to the Post-
al Service without fiscal year limitation for the payment 
of— 
‘‘(1) costs attributable to competitive products; 
and
‘‘(2) all other costs incurred by the Postal Serv-
ice, to the extent allocable to competitive products. 
For purposes of this subsection, the term ‘costs attributable’ 
has the meaning given such term by section 3631. 
‘‘(b) There shall be deposited in the Competitive Prod-
ucts Fund, subject to withdrawal by the Postal Service— 
‘‘(1) revenues from competitive products; 
‘‘(2) amounts received from obligations issued by 
the Postal Service under subsection (e); 
‘‘(3) interest and dividends earned on invest-
ments of the Competitive Products Fund; and 
‘‘(4) any other receipts of the Postal Service (in-
cluding from the sale of assets), to the extent allocable 
to competitive products. 
‘‘(c) If the Postal Service determines that the moneys 
of the Competitive Products Fund are in excess of current 
needs, it may request the investment of such amounts as 
it deems advisable by the Secretary of the Treasury in obli-
gations of, or obligations guaranteed by, the Government 
of the United States, and, with the approval of the Sec-
retary, in such other obligations or securities as it deems 
appropriate. 
‘‘(d) With the approval of the Secretary of the Treas-
ury, the Postal Service may deposit moneys of the Competi-
tive Products Fund in any Federal Reserve bank, any de-
pository for public funds, or in such other places and in 
such manner as the Postal Service and the Secretary may 
mutually agree. 
‘‘(e)(1) Subject to the limitations specified in section 
2005(a), the Postal Service is authorized to borrow money 
and to issue and sell such obligations as it determines nec-
essary to provide for competitive products and deposit such 
amounts in the Competitive Products Fund. Any such bor-
rowings by the Postal Service shall be supported and serv-
iced by the revenues and receipts from competitive products 
and the assets related to the provision of competitive prod-
ucts (as determined under subsection (h) or, for purposes 
of any period before accounting practices and principles 
under subsection (h) have been established and applied, the 
best information available from the Postal Service, includ-
ing the audited statements required by section 2008(e), but 
in either case subject to paragraph (5)). 
‘‘(2) The Postal Service may enter into binding cov-
enants with the holders of such obligations, and with the 
trustee, if any, under any agreement entered into in connec-
tion with the issuance thereof with respect to— 
‘‘(A) the establishment of reserve, sinking, and 
other funds; 
‘‘(B) application and use of revenues and re-
ceipts of the Competitive Products Fund;
‘‘(C) stipulations concerning the subsequent 
issuance of obligations or the execution of leases or 
lease purchases relating to properties of the Postal 
Service; and 
‘‘(D) such other matters as the Postal Service 
considers necessary or desirable to enhance the mar-
ketability of such obligations. 
‘‘(3) The obligations issued by the Postal Service under 
this section— 
‘‘(A) shall be in such forms and denominations; 
‘‘(B) shall be sold at such times and in such 
amounts; 
‘‘(C) shall mature at such time or times; 
‘‘(D) shall be sold at such prices; 
‘‘(E) shall bear such rates of interest; 
‘‘(F) may be redeemable before maturity in such 
manner, at such times, and at such redemption pre-
miums; 
‘‘(G) may be entitled to such relative priorities 
of claim on the assets of the Postal Service with re-
spect to principal and interest payments; and 
‘‘(H) shall be subject to such other terms and 
conditions; 
as the Postal Service determines.
‘‘(4) Obligations issued by the Postal Service under 
this subsection— 
‘‘(A) shall be negotiable or nonnegotiable and 
bearer or registered instruments, as specified therein 
and in any indenture or covenant relating thereto; 
‘‘(B) shall contain a recital that they are issued 
under this section, and such recital shall be conclusive 
evidence of the regularity of the issuance and sale of 
such obligations and of their validity; 
‘‘(C) shall be lawful investments and may be ac-
cepted as security for all fiduciary, trust, and public 
funds, the investment or deposit of which shall be 
under the authority or control of any officer or agen-
cy of the Government of the United States, and the 
Secretary of the Treasury or any other officer or 
agency having authority over or control of any such 
fiduciary, trust, or public funds, may at any time sell 
any of the obligations of the Postal Service acquired 
under this section; 
‘‘(D) shall not be exempt either as to principal 
or interest from any taxation now or hereafter im-
posed by any State or local taxing authority; and 
‘‘(E) except as provided in section 2006(c) of this 
title, shall not be obligations of, nor shall payment of 
the principal thereof or interest thereon be guaranteed
by, the Government of the United States, and the obli-
gations shall so plainly state. 
‘‘(5) The Postal Service shall make payments of prin-
cipal, or interest, or both on obligations issued under this 
section out of revenues and receipts from competitive prod-
ucts and assets related to the provision of competitive prod-
ucts (as determined under subsection (h) or, for purposes 
of any period before accounting practices and principles 
under subsection (h) have been established and applied, the 
best information available, including the audited state-
ments required by section 2008(e)). For purposes of this 
subsection, the total assets of the Competitive Products 
Fund shall be the greater of— 
‘‘(A) the assets related to the provision of com-
petitive products; or 
‘‘(B) the percentage of total Postal Service reve-
nues and receipts from competitive products times the 
total assets of the Postal Service. 
‘‘(f) The receipts and disbursements of the Competitive 
Products Fund shall be accorded the same budgetary treat-
ment as is accorded to receipts and disbursements of the 
Postal Service Fund under section 2009a. 
‘‘(g) A judgment against the Postal Service or the Gov-
ernment of the United States (or settlement of a claim) 
shall, to the extent that it arises out of activities of the Post-