Bipartisan legislation strengthening U.S. Postal Service operations while removing billions of dollars in financial burdens from the agency passed in the House of Representatives on Tuesday.
The Postal Service Reform Act of 2021, which passed by a vote of 342-92, would codify into law a service provision that has been the foundation of the agency for businesses and consumers: a six-day-per-week, integrated network for mail and packages.
The provision avoids the potential for splitting the Postal Service into separate units that some speculated would have led to operational chaos for the agency, which already struggles to compete for last-mile delivery with UPS [NYSE: UPS], FedEx [NYSE: FDX] and Amazon [NASDAQ: AMZN].
