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Federal Register / Vol. 86, No. 31 / Thursday, February 18, 2021 / Rules and Regulations
variety of issues. Many of the amendments are designed to clarify, in both form and substance, existing provisions, and also to increase their accuracy and align them to current practice. Additions and deletions have also been made to better conform the Bylaws to existing law. Among other things, the amendments also clarify that the Governors are ultimately responsible for adjusting rates, and that the Postal Regulatory Commissions role is to review those rate adjustments.
Additions have been made to expand the information to which the Governors have regular access and to clarify that any additional information can be requested as needed. A new section has been added to govern situations in which there are an insufficient number of Governors to constitute a quorum.
List of Subjects 39 CFR Part 2

4. The authority citation for part 3
continues to read as follows:

39 CFR Part 3

Authority: 39 U.S.C. 202, 203, 205, 4012, 10, 402, 404b, 414, 416, 1003, 2005, 2011, 28022804, 3013, 3622, 3632, 3642, 3652, 3654, 3691; 5 U.S.C. 552bg, j; 5 U.S.C.
App.; Pub. L. 10767, 115 Stat. 514 2001.

Board of Governors.
39 CFR Part 4
Officials.
39 CFR Part 6

Meetings.

Public Observation.
39 CFR Part 10
Rules of Conduct for Postal Service Governors.
For the reasons stated in the preamble, the Postal Service amends 39
CFR chapter I as follows:
PART 2GENERAL AND TECHNICAL
PROVISIONS

Authority: 39 U.S.C. 202, 203, 205c, 207, 4012; 5 U.S.C. 552bf, g.

2. Revise 2.1 to read as follows:

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Office of the Board of Governors.

There shall be located in Washington, DC, an Office of the Board of Governors of the United States Postal Service. It shall be the function of this Office, led by the Secretary of the Board, to provide staff support for the Board, as directed by the Chairman of the Board, to enable the Board to carry out effectively its duties and responsibilities.
3. Revise 2.6 to read as follows:

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Compensation of Board.

Section 202a1 of title 39 provides for the compensation of the Governors and for reimbursement for travel and reasonable expenses incurred in attending meetings of the Board and its Committees. Compensation is provided for not more than 42 days of meetings per year.
6. Amend 3.3 by revising paragraphs b, and d through n to read as follows:
3.3 Matters reserved for decision by the Board.

1. The authority citation for part 2
continues to read as follows:

5. Revise 3.2 to read as follows:

3.2

39 CFR Part 7

2.1

The invalidity of any provision of these bylaws does not affect the validity of the remaining provisions, and for this purpose these bylaws are severable. The Board may amend or repeal these bylaws at any special or regular meeting, provided that each member of the Board has received a written notice containing a statement of the proposed amendment or repeal at least five 5
business days before the meeting. The members of the Board may waive the five 5 business days notice or the operation of any other provision of these bylaws by unanimous consent, if that action is not prohibited by law. The Secretary shall submit the text of any amendment to these bylaws for publication in the Federal Register as soon as practicable after the amendment is adopted by the Board.
PART 3BOARD OF GOVERNORS

General and Technical Provisions.

2.6 Severability, amendment, repeal, and waiver of bylaws.

b Approval of the annual Postal Service Integrated Financial Plan, which shall include the Financing Plan, the Operating Plan, and the Capital Plan.

d Approval of any use of the authority of the Postal Service to borrow money under 39 U.S.C. 2005 and 39
U.S.C. 2011, except for short-term borrowings, having maturities of one year or less, assumed in the normal course of business.
e Approval of the terms and conditions of each series of obligations issued by the Postal Service under 39
U.S.C. 2005 and 39 U.S.C. 2011, including the time and manner of sale and the underwriting arrangements,
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except for short-term borrowings, having maturities of one year or less, assumed in the normal course of business.
f Approval of any use of the authority of the Postal Service to require the Secretary of the Treasury to purchase Postal Service obligations under 39 U.S.C. 2006b, or to request the Secretary of the Treasury to pledge the full faith and credit of the Government of the United States for the payment of principal and interest on Postal Service obligations under 39
U.S.C. 2006c.
g Authorization of the Postal Service to request that the Postal Regulatory Commission submit an advisory opinion on a proposed change in the nature of postal services which will generally affect service on a nationwide or substantially nationwide basis, pursuant to 39 U.S.C. 3661.
h Determination of the number of officers, described in 39 U.S.C. 204 as Assistant Postmasters General, whether so denominated or not, as the Board authorizes by resolution.
i Compensation and benefits of officers the Postal Service whose positions are included in Level II of the Postal Career Executive Service.
j Approval of official statements adopting major policy positions or departing from established major policy positions, and of official positions on legislative proposals having a major impact on the Postal Service.
k Approval of all major policy positions taken with the Department of Justice on petitioning the Supreme Court of the United States for writs of certiorari.
l Approval and transmittal to the President and the Congress of the Annual Report to Congress, which shall include the annual report of the Postmaster General under 39 U.S.C.
2402, the comprehensive statement of the Postal Service under 39 U.S.C.
2401e, the Postal Services annual performance plan under 39 U.S.C. 2803, and the Postal Services report on program performance under 39 U.S.C.
2804.
m Approval and transmittal to the President and the Congress of the Postal Services strategic plan, pursuant to 39
U.S.C. 2802.
n All other matters that the Board may consider appropriate to reserve for its decision by resolution adopted by the Board, pursuant to 3.5.

7. Amend 3.4 by revising paragraphs e, k, and m to read as follows:

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