Senate Bill 4174
116th Congress(2019-2020)
Postal Service Emergency Assistance Act
Introduced
Introduced
Introduced in Senate on Jul 2, 2020
Overview
Text
Introduced
Jul 2, 2020
Latest Action
Jul 2, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4174
Congress
116
Policy Area
Government Operations and Politics
Government Operations and Politics
Primary focus of measure is government administration, including agency organization, contracting, facilities and property, information management and services; rulemaking and administrative law; elections and political activities; government employees and officials; Presidents; ethics and public participation; postal service. Measures concerning agency appropriations and the budget process may fall under Economics and Public Finance policy area.
Sponsorship by Party
Maine
California
Colorado
Connecticut
Alabama
Minnesota
Missouri
Montana
New Jersey
Virginia
West Virginia
Wisconsin
No Senate votes have been held for this bill.
Summary

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.

Text (1)
Actions (2)
07/02/2020
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (Sponsor introductory remarks on measure: CR S4226-4227)
07/02/2020
Introduced in Senate
Public Record
Created
Jul 3, 2020 4:42:09 AM
Updated
Apr 16, 2021 7:20:02 PM