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H.R. 760, Postal Service Financial Improvement Act of 2017 (CBO Report for Congress)

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Congress 115th
Date Requested March 16, 2017
Requested By House Committee on Oversight and Government Reform
Date Sent Oct. 30, 2017
Description:

CBO estimates that enacting H.R. 760 would increase direct spending for retirees of the Postal Service (USPS) by $11.4 billion over the 2018-2022 period but would have no net effect on direct spending over the 2018-2027 period. Under the bill funds from a government account would be transferred to a privately operated investment fund and later deposited back into the Treasury, including any accumulated earnings.

 

Pay-as-you-go procedures apply to this bill because those transfers would affect direct spending. Enacting the bill would not affect revenues.

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