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H.R. 756, Postal Service Reform Act of 2017 1 (June 1, 2017)

handle is hein.congrec/cbo3553 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 1, 2017 H.R. 756 Postal Service Reform Act of 2017 As ordered reported by the House Committee on Oversight and Government Reform on March 16, 2017 SUMMARY H.R. 756 would change the laws that govern the operation of the Postal Service (USPS), restructure how the federal government pays for health benefits for federal employees and annuitants, and alter how the federal government calculates the contributions that agencies make for retirement benefits. Major provisions of the bill would: * Permit the Postal Service to raise rates on certain mail categories (direct spending savings of $8.6 billion); * Authorize the Postal Service to phase out delivery of mail directly to business customers' doors (direct spending savings of $2.0 billion); * Establish a new health benefits program for Postal Service employees, annuitants, and their dependents (net direct spending costs of $4.5 billion and discretionary savings of $1.9 billion); and * Require the use of demographic data specific to Postal Service employees for the calculation of certain retirement benefits, (net direct spending costs of $0.1 billion, and discretionary costs of $1.5 billion).' Effects on the Federal Budget CBO estimates that enacting H.R. 756 would reduce direct spending by about $6 billion over the 2017-2027 period; therefore, pay-as-you-go procedures apply. Enacting H.R. 756 would not affect revenues. 1. This estimate reflects a notice of proposed rulemaking published by the office of Personnel Management in December 2016 to use demographic data specific to Postal Service employees to calculate certain retirement benefits. If that rule is finalized before enactment, this provision would have no cost.

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