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HR 8123 116th Congress House Government Operations and Politics Appropriations Cardiovascular and respiratory health Congressional oversight Emergency medical services and trauma care Executive agency funding and structure Government lending and loan guarantees Government trust funds Health technology, devices, supplies Infectious and parasitic diseases Postal service U.S. Postal Service Worker safety and health

Postal Service Emergency Assistance Act

Introduced: August 28, 2020 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 28, 2020
Referred to the Committee on Oversight and Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Aug 28, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Postal Service Emergency Assistance Act

This bill provides emergency funding for the U.S. Postal Service (USPS). Specifically, it establishes and makes appropriations to a Postal Service COVID-19 Emergency Fund from which the Department of the Treasury shall transfer up to $25 billion certified by the USPS as necessary to cover lost revenue or operational expenses resulting from the COVID-19 (i.e., coronavirus disease 2019) pandemic.

Treasury shall lend the USPS, under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, up to $10 billion at the request of the USPS subject to the terms and conditions of the note purchase agreement between the USPS and the Federal Financing Bank in effect on September 29, 2018.

The USPS shall, in coordination with its Board of Governors, develop a plan to ensure the long-term solvency of the USPS.

What's happening now August 28, 2020

Referred to the Committee on Oversight and Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2 Republican 1