Art Sackler Testifies before Congress on Postal Reform

Art Sackler testified before the U.S. House of Representatives Committee on Oversight and Government Reform concerning the Postal Reform Act of 2017, HR 756.  Representing the Coalition for a 21st Century Postal Service, Art expressed support for the bipartisan bill as a compromise that has won the support of all postal stakeholders while costing each stakeholder an uncomfortable concession.  However, enactment of the bill is imperative because of the approximately $50 billion in liabilities it would release from the Postal Service ahead of a decision by the Postal Regulatory Commission in its review and potential revision of the postal rate setting system this year.  Absent this legislation, rate increases for mailers could be near-catastrophic, with very serious ramifications for the Postal Service and its employees, as well as for the $1.4 trillion mailing industry and its suppliers. 

Here is a link to a video of the hearing: 

And here is a link to Art's written testimony: