S 4174 116th Congress Senate 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: July 2, 2020 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 2, 2020

Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (Sponsor introductory remarks on measure: CR S4226-4227)

Jul 2, 2020

Introduced in Senate

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 July 2, 2020

Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (Sponsor introductory remarks on measure: CR S4226-4227)

Committees of jurisdiction 1