Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 1972 (105th)

Postal Financing Reform Act of 1998

referredUnited States· United States Congress· EN

Introduced

23 April 1998

Last action

30 June 1998 · Referred

Status

Referred to Subcommittee on International Security.

Sponsors

Sen. Cochran, Thad [R-MS]

Subjects

Postal service

Source updated

21 August 2025

Postal service

Official sourceDownload fileView documentsShare

Summary

Postal Financing Reform Act of 1998 - Amends Federal law to authorize the Postal Service to provide: (1) that amounts that would otherwise be deposited in the Postal Service Fund shall be directly deposited in a Federal Reserve bank or a selected depository for public funds; and (2) for transfers of such amounts between or among such banks, depositories, and the Fund. (Currently, the Postal Service must have the Secretary of the Treasury's approval to deposit Fund monies in such banks or depositories.) Removes the requirement for the Secretary's approval with respect to investment options for excess Fund monies. Authorizes investments of excess monies in obligations or securities if such investments are closely related to Postal Service operations. Revises provisions regarding the relationship between the Postal Service and the Secretary with respect to the sale of certain issues of obligations. Provides that such sales and issues shall not be subject to the Secretary's approval. Authorizes the Secretary (currently, the Postal Service may require the Secretary) to purchase Postal Service obligations upon request of the Postal Service. Prohibits the obligations purchased from causing the total amount of Postal Service obligations from exceeding the currently authorized annual limitation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 23 April 1998

    Introduced

    Read twice and referred to the Committee on Governmental Affairs.

    Source: IntroReferral

  2. 23 April 1998

    Introduced

    Sponsor introductory remarks on measure. (CR S3535-3536)

    Source: IntroReferral

  3. 23 April 1998

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 30 June 1998

    Referred

    Referred to Subcommittee on International Security.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in Senate (text)

    Introduced in Senate · EN · 23 April 1998

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 23 April 1998

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in Senate

    summary · EN · 23 April 1998

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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