Postal Service Financial Improvement Act of 2016

openUnited States· United States Congress· EN

Introduced

11 July 2016

Last action

8 December 2016 · Reported

Status

Placed on the Union Calendar, Calendar No. 672.

Summary

Postal Service Financial Improvement Act of 2016 This bill requires the Department of the Treasury to: (1) invest a specified percentage of the Postal Service Retiree Health Benefits Fund, using one or more qualified professional asset managers, in index funds modeled after those established for Thrift Savings Fund investments; and (2) ensure that the investment replicates the performance of the longest-term target date asset allocation investment fund established by the Federal Retirement Thrift Investment Board. The bill establishes the Postal Service Retiree Health Benefits Fund Investment Committee, which Treasury shall consult regarding such investments. The "specified percentage" to be invested is defined as 25% of the currently available portions of the fund as are not immediately required for payments from the fund, except that the committee may specify a higher percentage, not to exceed 30%, not earlier than five years after this bill's enactment and as appropriate thereafter. Treasury shall annually engage an independent qualified public accountant to audit the financial statements of such investments and shall submit an annual management report that includes: statements of financial position, operations, and cash flows; a statement on internal accounting and administrative control systems; the report resulting from the audit; and any other comments and information necessary to inform Congress about the operations and financial condition of the investments.

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Timeline

11 July 2016
Introduced
Referred to the House Committee on Oversight and Government Reform.
Source: IntroReferral
11 July 2016
Introduced
Introduced in House
Source: IntroReferral
11 July 2016
Introduced
Introduced in House
Source: IntroReferral
12 July 2016
Reported
Ordered to be Reported by Voice Vote.
Source: Committee
12 July 2016
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
8 December 2016
Calendars
Placed on the Union Calendar, Calendar No. 672.
Source: Calendars
8 December 2016
Discharge
Committee on the Budget discharged.
Source: Discharge
8 December 2016
Committee
Committee on the Budget discharged.
Source: Committee
8 December 2016
Introduced
Referred sequentially to the House Committee on the Budget for a period ending not later than Dec. 8, 2016 for consideration of such provisions of the bill as fall within the jurisdiction of that committee pursuant to clause 1(d) of rule X.
Source: IntroReferral
8 December 2016
Reported
Reported by the Committee on 114-859, Part I.
Source: Committee
8 December 2016
Reported
Reported by the Committee on 114-859, Part I.
Source: Committee

Votes

No vote records are attached yet.

Versions

Reported in House · 8 December 2016 · Download file
Introduced in House · 11 July 2016 · Download file

Documents

6 official files

Reported in House (text)

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Reported in House (text)
Reported in House · EN · 8 December 2016
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Reported in House (PDF)
Reported in House · EN · 8 December 2016
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Reported to House without amendment, Part I
summary · EN · 8 December 2016
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Introduced in House (text)
Introduced in House · EN · 11 July 2016
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Introduced in House (PDF)
Introduced in House · EN · 11 July 2016
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Introduced in House
summary · EN · 11 July 2016
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Postal Service Financial Improvement Act of 2017

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/114th-congress/house-bill/5707
Open data entity: https://api.congress.gov/v3/bill/114/hr/5707
us · 114-hr-5707 · source updated 7 April 2025