Latest News and Highlights
PRC Issues Annual Report to the President and Congress On January 12, 2017, the Postal Regulatory Commission (Commission) released its Annual Report to the President and Congress providing an account of the activities undertaken by the Commission during 2016. Under the Postal Accountability and Enhancement Act of 2006 (PAEA), the Commission is required to address in its report information concerning the operations of the Commission, including the extent to which regulations are achieving the rate setting objectives of the PAEA. The law also requires the Commission to include an estimate of the costs incurred by the Postal Service to provide certain services that the Postal Service would not otherwise have provided except for the requirements of the law.
Postal Service files FY 2016 Annual Compliance Report. On December 29, 2016, the United States Postal Service (Postal Service) filed with the Commission, pursuant to 39 U.S.C. 3652, its Annual Compliance Report (ACR) for fiscal year (FY) 2016. 1 Section 3652 requires submission of data and information on the costs, revenues, rates, and quality of service associated with postal products within 90 days of the closing of each fiscal year. In conformance with other statutory provisions and Commission rules, the ACR includes the Postal Service’s FY 2016 Comprehensive Statement, its FY 2016 annual report to the Secretary of the Treasury on the Competitive Products Fund, and certain related Competitive Products Fund material.
PRC opens docket on the statutory review of the system for regulating rates and classes. On December 20, 2006, the Postal Accountability and Enhancement Act (PAEA) was signed into law. The PAEA required that the Commission establish a modern system of regulating rates and classes for market dominant products. The PAEA also mandated that the Commission review this system 10 years later to determine if it is achieving the objectives, taking into account the factors, established by Congress. If the Commission determines that the system is not achieving the objectives, taking into account the factors, the Commission may, by regulation, make modifications or adopt an alternative system as necessary to achieve the objectives.
The President Reappoints Robert Taub and Mark Acton as Commissioners following Senate Confirmation: Taub Designated Chairman; Acton Elected Vice Chairman. President Obama reappointed Robert G. Taub and Mark Acton as Commissioners of the Postal Regulatory Commission (Commission) for new terms that expire October 14, 2022.
PRC opens docket on institutional cost contribution requirement for Competitive Products. The Commission initiates this rulemaking to seek comments and facilitate the Commission’s examination of the appropriate minimum contribution to the Postal Service’s institutional costs that competitive products must provide, pursuant to 39 U.S.C. 3633(b).
Five Things You Need to Know
1.) USPS rate change to was implemented on January 22, 2017.
2.) PostCom asks PRC to Modify 10-Year Rate System Process.
3.) USPS publishes proposed rule on Seamless Acceptance
4.) PRC issued its Annual Report to Congress for FY2016
5.) USPS publishes proposed rule on eInduction
1/23/17, 2pm-5pm ET: PostCom Executive Committee Meeting
1/24/17, 8am-5pm ET: PostCom PostOps and Study Day Meetings. Register Here
1/25/17, 8am-2pm ET: PostCom Board of Directors Meeting
2/13/17, 1pm-2pm ET: PostCom Webinar: Maximizing Your Marketing Budget: New Resource for Media Research and Case Studies. Register Here