H. R. 6407—23
(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 network and remove excess 
processing capacity and 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 facility 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 proposed rationalization deci-
sion; 
(ii) make available information regarding any 
service changes in the affected communities, any other 
effects on customers, any effects on postal employees, 
and any cost savings; 
(iii) afford affected persons ample opportunity 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 efficiency and effectiveness 
of its processing, transportation, and distribution net-
works 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 
including overall estimated costs and cost savings; 
(iii) an estimate of how postal decisions related 
to mail changes, security, automation initiatives, 
worksharing, information 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 consoli-
date facilities; and 
(v) such additional topics and recommendations 
as the Postal Service considers appropriate.
H. R. 6407—24
(5) EXISTING EFFORTS.—Effective on the date of enactment 
of this Act, the Postal Service may not close or consolidate 
any processing or logistics facilities without using procedures 
for public notice and input consistent with those described 
under paragraph (3)(D). 
(d) ALTERNATE RETAIL OPTIONS.—The Postal Service plan shall 
include plans to expand and market retail access to postal services, 
in addition to post offices, including—
(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 providing 
market retail access to postal services. 
(e) REEMPLOYMENT ASSISTANCE AND RETIREMENT BENEFITS.—
The Postal Service plan shall include—
(1) a comprehensive plan under which reemployment assist-
ance 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 retirement benefits. 
(f) CONTINUED AUTHORITY.—Nothing in this section shall be 
construed to prohibit the Postal Service from implementing any 
change to its processing, transportation, delivery, and retail net-
works under any authority granted to the Postal Service for those 
purposes. 
TITLE IV—PROVISIONS RELATING TO 
FAIR COMPETITION 
SEC. 401. POSTAL SERVICE COMPETITIVE PRODUCTS FUND. 
(a) PROVISIONS RELATING
TO POSTAL SERVICE COMPETITIVE 
PRODUCTS FUND AND RELATED MATTERS.—
(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 attributable’ 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 Prod-
ucts Fund, which shall be available to the Postal Service without 
fiscal year limitation for the payment of—
‘‘(A) costs attributable to competitive products; and 
‘‘(B) all other costs incurred by the Postal Service, to the 
extent allocable to competitive products. 
‘‘(b) There shall be deposited in the Competitive Products Fund, 
subject to withdrawal by the Postal Service—
‘‘(1) revenues from competitive products;
H. R. 6407—25
‘‘(2) amounts received from obligations issued by Postal 
Service under subsection (e); 
‘‘(3) interest and dividends earned on investments of the 
Competitive Products Fund; and 
‘‘(4) any other receipts of the Postal Service (including 
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, 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 obligations guaranteed by, the Govern-
ment 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 Treasury, the 
Postal Service may deposit moneys of the Competitive 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 section 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 subsection (h)); or 
‘‘(ii) 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, 
including the audited statements required by section 2008(e). 
‘‘(2) The Postal Service may enter into binding covenants with 
the holders of such obligations, and with any 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 receipts 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 marketability of such 
obligations. 
‘‘(3) Obligations issued by the Postal Service under this sub-
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 premiums;
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‘‘(G) may be entitled to such relative priorities of claim 
on the assets of the Postal Service with respect 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 sub-
section—
‘‘(A) shall be negotiable or nonnegotiable and bearer or 
registered instruments, as specified therein and in any inden-
ture or covenant relating thereto; 
‘‘(B) shall contain a recital that such obligations 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 accepted 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 agency 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 imposed 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 principal, 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 sub-
section (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 competitive prod-
ucts as calculated under subsection (h); or 
‘‘(B) the percentage of total Postal Service revenues 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 treatment as is accorded 
to receipts and disbursements of the Postal Service Fund under 
section 2009a. 
‘‘(g) A judgment (or settlement of a claim) against the Postal 
Service or the Government of the United States shall be paid 
out of the Competitive Products Fund to the extent that the judg-
ment or claim arises out of activities of the Postal Service in 
the provision of competitive products. 
‘‘(h)(1)(A) The Secretary of the Treasury, in consultation with 
the Postal Service and an independent, certified public accounting 
firm and other advisors as the Secretary considers appropriate, 
shall develop recommendations regarding—