Press release from the issuing company
Washington, DC –Today the Postal Regulatory Commission released its Fiscal Year 2023 Annual Report to the President and Congress. By law, the Commission is required each year to address in its report information concerning the operations of the agency, including the extent to which regulations are achieving the rate-setting objectives of the Postal Accountability and Enhancement Act. The Commission’s report must also include an estimate of the costs incurred by the Postal Service to provide certain services that the Postal Service would not otherwise have provided except for the requirements of the law, and further provides an estimate for the value of the postal monopoly.
Throughout the year, the Commission had several significant accomplishments that reflect its mission to provide transparency and accountability of Postal Service activities. In addition to reviewing and approving proposed rate changes for Market Dominant and Competitive products, new product proposals, and formal complaint adjudication, the Commission performed new activities as dictated by the Postal Service Reform Act (PSRA) and beyond. In FY 2023, the Commission:
A complete report of the Commission’s actions throughout Fiscal Year 2023 is available here and on the Commission’s website, www.prc.gov.
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