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(1) establish performance goals; 
(2) describe any changes to the Postal Service’s 
processing, transportation, delivery, and retail net-
works necessary to allow the Postal Service to meet 
the performance goals; 
(3) describe any changes to planning and per-
formance management documents previously sub-
mitted to Congress to reflect new performance goals; 
and 
(4) describe the long-term vision of the Postal 
Service for rationalizing its infrastructure and work-
force, and how the Postal Service intends to imple-
ment that vision. 
(c) POSTAL FACILITIES.— 
(1) FINDINGS.—Congress finds that— 
(A) the Postal Service has more than 400 
logistics facilities, separate from its post office 
network; 
(B) as noted by the President’s Commis-
sion on the United States Postal Service, the 
Postal Service has more facilities than it needs 
and the streamlining of this distribution net-
work can pave the way for the potential consoli-
dation of sorting facilities and the elimination 
of excess costs; 
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(C) the Postal Service has always revised 
its distribution network to meet changing condi-
tions and is best suited to address its oper-
ational needs; and 
(D) Congress strongly encourages the 
Postal Service to— 
(i) expeditiously move forward in its 
streamlining efforts; and 
(ii) keep unions, management associa-
tions, and local elected officials informed 
as an essential part of this effort and abide 
by any procedural requirements contained 
in the national bargaining agreements. 
(2) IN
GENERAL.—The Postal Service plan 
shall include a description of— 
(A) the long-term vision of the Postal 
Service for rationalizing its infrastructure and 
workforce; and 
(B) how the Postal Service intends to im-
plement that vision. 
(3) CONTENT OF FACILITIES PLAN.—The plan 
under this subsection shall include— 
(A) a strategy for how the Postal Service 
intends to rationalize the postal facilities net-
work and remove excess processing capacity and 
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space from the network, including estimated 
timeframes, criteria, and processes to be used 
for making changes to the facilities network, 
and the process for engaging policy makers and 
the public in related decisions; 
(B) a discussion of what impact any facil-
ity changes may have on the postal workforce 
and whether the Postal Service has sufficient 
flexibility to make needed workforce changes; 
(C) an identification of anticipated costs, 
cost savings, and other benefits associated with 
the infrastructure rationalization alternatives 
discussed in the plan; and 
(D) procedures that the Postal Service will 
use to— 
(i) provide adequate public notice to 
communities potentially affected by a pro-
posed rationalization decision; 
(ii) make available information re-
garding any service changes in the affected 
communities, any other effects on cus-
tomers, any effects on postal employees, 
and any cost savings; 
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(iii) afford affected persons ample op-
portunity to provide input on the proposed 
decision; and 
(iv) take such comments into account 
in making a final decision. 
(4) ANNUAL REPORTS.— 
(A) IN GENERAL.—Not later than 90 days 
after the end of each fiscal year, the Postal 
Service shall prepare and submit a report to 
Congress on how postal decisions have impacted 
or will impact rationalization plans. 
(B) CONTENTS.—Each report under this 
paragraph shall include— 
(i) an account of actions taken during 
the preceding fiscal year to improve the ef-
ficiency and effectiveness of its processing, 
transportation, and distribution networks 
while preserving the timely delivery of 
postal services, including overall estimated 
costs and cost savings; 
(ii) an account of actions taken to 
identify any excess capacity within its 
processing, transportation, and distribution 
networks and implement savings through 
realignment or consolidation of facilities 
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including overall estimated costs and cost 
savings; 
(iii) an estimate of how postal deci-
sions related to mail changes, security, au-
tomation initiatives, worksharing, informa-
tion technology systems, excess capacity, 
consolidating and closing facilities, and 
other areas will impact rationalization 
plans; 
(iv) identification of any statutory or 
regulatory obstacles that prevented or will 
prevent or hinder the Postal Service from 
taking action to realign or consolidate fa-
cilities; and 
(v) such additional topics and rec-
ommendations as the Postal Service con-
siders appropriate. 
(5) EXISTING EFFORTS.—Effective on the date 
of enactment of this Act, the Postal Service may not 
close or consolidate any processing or logistics facili-
ties without using procedures for public notice and 
input consistent with those described under para-
graph (3)(D). 
(d) ALTERNATE RETAIL OPTIONS.—The Postal Serv-
ice plan shall include plans to expand and market retail 
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access to postal services, in addition to post offices, includ-
ing— 
(1) vending machines; 
(2) the Internet; 
(3) postage meters; 
(4) Stamps by Mail; 
(5) Postal Service employees on delivery routes; 
(6) retail facilities in which overhead costs are 
shared with private businesses and other government 
agencies; 
(7) postal kiosks; or 
(8) any other nonpost office access channel pro-
viding market retail access to postal services. 
(e) REEMPLOYMENT ASSISTANCE AND RETIREMENT 
BENEFITS.—The Postal Service plan shall include— 
(1) a comprehensive plan under which reem-
ployment assistance shall be afforded to employees 
displaced as a result of automation of any of its 
functions, the closing and consolidation of any of its 
facilities, or such other reasons as the Postal Service 
may determine; and 
(2) a plan, developed in consultation with the 
Office of Personnel Management, to offer early re-
tirement benefits. 
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(f) CONTINUED AUTHORITY.—Nothing in this section 
shall be construed to prohibit the Postal Service from im-
plementing any change to its processing, transportation, 
delivery, and retail networks under any authority granted 
to the Postal Service for those purposes. 
TITLE IV—PROVISIONS RELAT-
ING TO FAIR COMPETITION 
SEC. 
401. 
POSTAL 
SERVICE 
COMPETITIVE 
PRODUCTS 
FUND. 
(a) PROVISIONS RELATING
TO POSTAL SERVICE 
COMPETITIVE PRODUCTS FUND
AND RELATED MAT-
TERS.— 
(1) IN
GENERAL.—Chapter 20 of title 39, 
United States Code, is amended by adding at the 
end the following: 
‘‘§ 2011. Provisions relating to competitive products 
‘‘(a)(1) In this subsection, the term ‘costs attrib-
utable’ has the meaning given such term by section 3631. 
‘‘(2) There is established in the Treasury of the 
United States a revolving fund, to be called the Postal 
Service Competitive Products Fund, which shall be avail-
able to the Postal Service without fiscal year limitation 
for the payment of— 
‘‘(A) costs attributable to competitive products; 
and 
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‘‘(B) all other costs incurred by the Postal 
Service, to the extent allocable to competitive prod-
ucts. 
‘‘(b) There shall be deposited in the Competitive 
Products Fund, subject to withdrawal by the Postal Serv-
ice— 
‘‘(1) revenues from competitive products; 
‘‘(2) amounts received from obligations issued 
by 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 
(including from the sale of assets), to the extent al-
locable to competitive products. 
‘‘(c) If the Postal Service determines that the moneys 
of the Competitive Products Fund are in excess of current 
needs, the Postal Service may request the investment of 
such amounts as the Postal Service determines advisable 
by the Secretary of the Treasury in obligations of, or obli-
gations guaranteed by, the Government of the United 
States, and, with the approval of the Secretary, in such 
other obligations or securities as the Postal Service deter-
mines appropriate. 
‘‘(d) With the approval of the Secretary of the Treas-
ury, the Postal Service may deposit moneys of the Com-
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petitive Products Fund in any Federal Reserve bank, any 
depository for public funds, or in such other places and 
in such manner as the Postal Service and the Secretary 
may mutually agree. 
‘‘(e)(1)(A) Subject to the limitations specified in sec-
tion 2005(a), the Postal Service is authorized to borrow 
money and to issue and sell such obligations as the Postal 
Service determines necessary to provide for competitive 
products and deposit such amounts in the Competitive 
Products Fund. 
‘‘(B) Subject to paragraph (5), any borrowings by the 
Postal Service under subparagraph (A) shall be supported 
and serviced by— 
‘‘(i) the revenues and receipts from competitive 
products and the assets related to the provision of 
competitive products (as determined under sub-
section (h)); or 
‘‘(ii) for purposes of any period before account-
ing practices and principles under subsection (h) 
have been established and applied, the best informa-
tion available from the Postal Service, including the 
audited statements required by section 2008(e). 
‘‘(2) The Postal Service may enter into binding cov-
enants with the holders of such obligations, and with any 
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trustee under any agreement entered into in connection 
with the issuance of such obligations 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) Obligations issued by the Postal Service under 
this subsection— 
‘‘(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 
premiums; 
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‘‘(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 such obliga-
tions 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 va-
lidity; 
‘‘(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 
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sell any of the obligations of the Postal Service ac-
quired 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), 
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 
obligations 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 
products and assets related to the provision of competitive 
products (as determined under subsection (h)), or for pur-
poses of any period before accounting practices and prin-
ciples under subsection (h) have been established and ap-
plied, the best information available, including the audited 
statements required by section 2008(e). For purposes of 
this subsection, the total assets of the Competitive Prod-
ucts Fund shall be the greater of— 
‘‘(A) the assets related to the provision of com-
petitive products as calculated under subsection (h); 
or 
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