Summary: H.R.2589 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for H.R.2589. Bill summaries are authored by CRS.

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Introduced in House (07/22/1999)

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.