{"id":18079,"date":"2017-02-07T15:56:18","date_gmt":"2017-02-07T20:56:18","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=18079"},"modified":"2017-02-07T15:56:42","modified_gmt":"2017-02-07T20:56:42","slug":"testimony-hr756","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2017\/02\/07\/testimony-hr756\/","title":{"rendered":"Testimony and Videos From Today\u2019s Hearing On HR 756 Postal Service Reform Act of 2017"},"content":{"rendered":"<p><span class=\"date\"><strong>HEARING DATE:<\/strong><span class=\"Apple-converted-space\">\u00a0<\/span>FEBRUARY 7, 2017 10:00 AM<\/span><span style=\"color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: inline !important; float: none;\"><span class=\"Apple-converted-space\">\u00a0<\/span><\/span><span class=\"location\">2157<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/5PcX_NX_KEs\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"box-sizing: border-box; margin: 0px 0px 25px; -webkit-font-smoothing: antialiased; text-shadow: rgba(0, 0, 0, 0.00784314) 0px 0px 1px; color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;\"><strong><u>TAKEAWAYS:<\/u><\/strong><\/p>\n<ul style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;\">\n<li>USPS is past the point where it is salvageable as it exists now \u2013<span class=\"Apple-converted-space\">\u00a0<\/span><a href=\"http:\/\/r20.rs6.net\/tn.jsp?t=gggxmxzab.0.0.zaob78xab.0&amp;id=preview&amp;r=3&amp;p=https%3A%2F%2Foversight.house.gov%2Frelease%2F22766%2F\">legislation<\/a><span class=\"Apple-converted-space\">\u00a0<\/span>is necessary to implement needed reforms.<\/li>\n<li>USPS has more than $119 billion in unfunded liability, and is projected to run out of cash.<\/li>\n<li>The postal delivery fleet is at the end of its expected life. Average age of vehicles is 24 years.\n<ul>\n<li>USPS is working with six suppliers for a new fleet that will be tested in the next 18 months.<\/li>\n<li>USPS is awaiting responses for commercial off-the-shelf options.<\/li>\n<\/ul>\n<\/li>\n<li>All four of the major postal employee unions support<span class=\"Apple-converted-space\">\u00a0<\/span><em><a href=\"http:\/\/r20.rs6.net\/tn.jsp?t=gggxmxzab.0.0.zaob78xab.0&amp;id=preview&amp;r=3&amp;p=https%3A%2F%2Foversight.house.gov%2Frelease%2F22766%2F\">H.R. 756, the Postal Service Reform Act of 2017<\/a>.<\/em><\/li>\n<\/ul>\n<p style=\"box-sizing: border-box; margin: 0px 0px 25px; -webkit-font-smoothing: antialiased; text-shadow: rgba(0, 0, 0, 0.00784314) 0px 0px 1px; color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;\"><strong><u>PURPOSE:<\/u><\/strong><\/p>\n<ul style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;\">\n<li>To\u00a0examine the need for timely and comprehensive postal reform legislation.<\/li>\n<li>To discuss provisions that stakeholders believe are necessary in a comprehensive reform bill.<\/li>\n<\/ul>\n<p style=\"box-sizing: border-box; margin: 0px 0px 25px; -webkit-font-smoothing: antialiased; text-shadow: rgba(0, 0, 0, 0.00784314) 0px 0px 1px; color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;\"><strong><u>BACKGROUND:<\/u><\/strong><\/p>\n<ul style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;\">\n<li>USPS reported a net loss of $5.3 billion for FY2016, representing the tenth consecutive year of net losses.<\/li>\n<li>USPS has more than $120 billion in\u00a0unfunded liabilities, including a $21.3 billion\u00a0pension funding shortfall.<\/li>\n<li>USPS has been unable to make statutorily required payments to unfunded liabilities and is poised to run\u00a0increasingly large operational deficits in the coming years, having already exhausted its $15 billion in statutory borrowing authority.<\/li>\n<\/ul>\n<p style=\"box-sizing: border-box; margin: 0px 0px 25px; -webkit-font-smoothing: antialiased; text-shadow: rgba(0, 0, 0, 0.00784314) 0px 0px 1px; color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;\"><strong><u>KEY VIDEOS:<\/u><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin: 0px 0px 25px; -webkit-font-smoothing: antialiased; text-shadow: rgba(0, 0, 0, 0.00784314) 0px 0px 1px; color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;\"><strong>Chairman Chaffetz (R-UT):\u00a0<\/strong>\u201cOne of the choices that is before us is to do nothing, right? Just let her go, just keep on the same trajectory. . . from your perspective, do nothing, what happens?\u201d<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/IoHf-o8PMuM\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><b><span style=\"color: #617784; font-family: Arial; font-size: large;\">Representative Darrell Issa (R-CA):<\/span><\/b><span class=\"Apple-converted-space\"><b><span style=\"color: #617784; font-family: Arial; font-size: large;\">\u00a0<\/span><\/b><\/span><span style=\"color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: inline !important; float: none;\">\u201cLadies and gentlemen, it\u2019s the third quarter and you\u2019re down by 25 points, and if Tom Brady doesn\u2019t come in, you\u2019re bankrupt. You\u2019re beyond bankrupt, you\u2019re in record deficit\u201d<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/JxXAMEOXR7c\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><b><span style=\"color: #617784; font-family: Arial; font-size: large;\">Government Operations Subcommittee Chairman Meadows (R-NC):<\/span><\/b><span class=\"Apple-converted-space\"><b><span style=\"color: #617784; font-family: Arial; font-size: large;\">\u00a0<\/span><\/b><\/span><span style=\"color: #617784; font-family: 'Source Sans Pro', sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: inline !important; float: none;\">\u201cI\u2019m willing to invest political capital [and] we have a number of stakeholders who are here as we are looking to truly save the Postal Service as we know it.\u201d<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/fxPdQFZf-kU\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h4>WITNESSES AND TESTIMONIES<\/h4>\n<table class=\"table table-striped\" style=\"border: medium !important; border-image: none !important; width: 746px; height: 321px; color: #617784; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Source Sans Pro',sans-serif; font-size: 18px; font-style: normal; font-weight: normal; margin-bottom: 20px; word-spacing: 0px; white-space: normal; border-collapse: collapse; overflow-x: auto; min-height: 0.01%; max-width: 100%; box-sizing: border-box; border-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff;\">\n<tbody>\n<tr>\n<th>Name<\/th>\n<th>Title<\/th>\n<th>Organization<\/th>\n<th>Panel<\/th>\n<th>Document<\/th>\n<\/tr>\n<tr>\n<td>The Honorable Megan J. Brennan<\/td>\n<td>Postmaster General<\/td>\n<td>United States Postal Service<\/td>\n<td><\/td>\n<td><a href=\"https:\/\/oversight.house.gov\/wp-content\/uploads\/2017\/02\/Megan-J.-Brennan.pdf\" target=\"_blank\">Document<\/a><\/td>\n<\/tr>\n<tr>\n<td>The Honorable Robert G. Taub<\/td>\n<td>Chairman<\/td>\n<td>Postal Regulatory Commission<\/td>\n<td><\/td>\n<td><a href=\"https:\/\/oversight.house.gov\/wp-content\/uploads\/2017\/02\/Taub.pdf\" target=\"_blank\">Document<\/a><\/td>\n<\/tr>\n<tr>\n<td>Ms. Lori Rectanus<\/td>\n<td>Director, Physical Infrastructure Issues<\/td>\n<td>U.S. Government Accountability Office<\/td>\n<td><\/td>\n<td><a href=\"https:\/\/oversight.house.gov\/wp-content\/uploads\/2017\/02\/Rectanus.pdf\" target=\"_blank\">Document<\/a><\/td>\n<\/tr>\n<tr>\n<td>Mr. Arthur Sackler<\/td>\n<td>Manager<\/td>\n<td>Coalition for a 21st Century Postal Service<\/td>\n<td><\/td>\n<td><a href=\"https:\/\/oversight.house.gov\/wp-content\/uploads\/2017\/02\/Sackler.pdf\" target=\"_blank\">Document<\/a><\/td>\n<\/tr>\n<tr>\n<td>Mr. Fredric V. Rolando<\/td>\n<td>President<\/td>\n<td>National Association of Letter Carriers<\/td>\n<td><\/td>\n<td><a href=\"https:\/\/oversight.house.gov\/wp-content\/uploads\/2017\/02\/Rolando-NALC-Statement-Postal-Reform-2-7.pdf\" target=\"_blank\">Document<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-18062\" src=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/02\/HR-756.jpg\" alt=\"\" width=\"400\" height=\"250\" srcset=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/02\/HR-756.jpg 400w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/02\/HR-756-300x188.jpg 300w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/02\/HR-756-86x54.jpg 86w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/02\/HR-756-120x74.jpg 120w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2017\/02\/HR-756-378x237.jpg 378w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HEARING DATE:\u00a0FEBRUARY 7, 2017 10:00 AM\u00a02157 TAKEAWAYS: USPS is past the point where it is salvageable as it exists now \u2013\u00a0legislation\u00a0is necessary to implement needed reforms. USPS has more than $119 billion in unfunded liability, and is projected to run out of cash. The postal delivery fleet is at the end of its expected life. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3],"tags":[],"class_list":["post-18079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-video-gallery","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/18079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/comments?post=18079"}],"version-history":[{"count":3,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/18079\/revisions"}],"predecessor-version":[{"id":18082,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/18079\/revisions\/18082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/18062"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=18079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=18079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=18079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}