This was supposed to be the year comprehensive postal reform was jump-started in Congress. A smooth functioning Postal Service remains indispensable to the economy. But the U.S. Postal Service has been under enormous financial pressure for the past decade, to the point where it could be insolvent in two to five years.
On December 4, 2018, the Treasury Department issued a much anticipated, thoroughly researched task force report, including discussions with 45 organizations. The report found that “the USPS’s business model — including its governance, product pricing, cost allocation and labor practices — must be updated in light of its current operating realities.”
The report put forward 25 recommendations. Of these, 15 could be enacted by the Postal Service, particularly through the work of its Board of Governors. Ten recommendations require legislation.
While there has not been a single comprehensive reform bill introduced in the House of Representatives or Senate, the Postal Service’s Board of Governors returned to a quorum in August 2019 for the first time since 2014.