To provide for the privatization of the United States Postal Service.
Last action on Oct 28, 2002Referred to the House Committee on Government Reform.
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Summary
Provides for the transfer of the U.S. Postal Service to a private corporation.
Directs the President to transmit to the Congress: (1) a comprehensive plan providing for the transfer of property subject to this Act; and (2) recommendations for legislation as necessary.
Establishes the Postal Privatization Commission to: (1) carry out functions relating to the issuance of securities to postal employees; and (2) consult with the President on the transfer.
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