Bill to give the U.S. Postal Service a major overhaul if passed!

Bipartisan legislation that boosts the U.S. Postal Service and saves nearly $50 billion in the next decade is potentially set for a Senate vote by the end of next week.

The bill, called the Postal Service Reform Act of 2022, passed in the House on Tuesday night with overwhelming support of 342-92.

"Americans rely on the Postal Service for medicines, essential goods, voting, correspondence, and their livelihoods," tweeted Senate Majority Leader Chuck Schumer, D-N.Y. "With the overwhelming House vote for postal reform—I intend for the Senate to quickly take up and pass the bill!"

Additionally, USPS would no longer be required to pre-fund health benefits for its current and retiring employees, which saves about $27 billion over 10 years. This is where the greatest cost savings for the Postal Service would come.