There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/22/1997)

Provides for the transfer of the United States 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.