S.Amdt. 2008

1. Adds SEC. __. LIMITATION ON BONUS AUTHORITY wherever appropriate

   Adds a section

   Inserted: SEC. __. LIMITATION ON BONUS AUTHORITY.

   Inserted: Section 3686 of title 39, United States Code, is amended--

   Inserted: (1) in subsection (a), by striking "The Postal Service" and inserting "Subject to subsection (f), the Postal Service"; and

   Inserted: (2) by adding at the end the following:

   Inserted: "(f) Limitation on Bonus Authority.--

   Inserted: "(1) Definitions.--In this subsection--

   Inserted: "(A) the term 'bonus' includes a bonus, incentive-based payment, or other reward under this section or any other provision of law; and

   Inserted: "(B) the term 'senior executive of the Postal Service' means--

   Inserted: "(i) a member of the Board of Governors;

   Inserted: "(ii) an individual serving in a position described in section 203 or 204; and

   Inserted: "(iii) an individual hired as an executive hired under section 1001(c).

   Inserted: "(2) Limitation.--On and after the date of enactment of this subsection, the Postal Service may not provide a bonus to a senior executive of the Postal Service if the Postal Service--

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   Inserted: "(A) has outstanding obligations purchased by the Secretary of the Treasury under section 2006; or

   Inserted: "(B) owes any other debt to the Treasury of the United States.".

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed