The Postal Service has remained fiscally underwater due to legislation passed decades ago limiting how it spends money and services it can offer.
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President Joe Biden signed the Postal Service Reform Act of 2022 into law on Wednesday, providing the agency with a much-needed financial overhaul. The bill easily passed Congress with rare bipartisan support, receiving a 79-19 vote in the Senate on Tuesday evening, after the House passed it last month in a 342-92 vote.
"It is no exaggeration to say the Postal Service is essential as it ever was, as it's ever been today," Biden said in remarks before signing the bill. The Postal Service has remained fiscally underwater due to legislation passed decades ago limiting how it spends its money and what services it could offer. The USPS reform bill will give the agency that flexibility back.
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