Page:United States Statutes at Large Volume 120.djvu/3256

 PUBLIC LAW 109–435—DEC. 20, 2006

120 STAT. 3225

‘‘(II) such revisions are, in the judgment of the Commission, otherwise necessitated by the public interest. ‘‘(D) A copy of each report described under subparagraph (B)(i)(III) shall be submitted by the Postal Service to the Secretary of the Treasury and the Inspector General of the United States Postal Service. ‘‘(i)(1) The Postal Service shall submit an annual report to the Secretary of the Treasury concerning the operation of the Competitive Products Fund. The report shall address such matters as risk limitations, reserve balances, allocation or distribution of moneys, liquidity requirements, and measures to safeguard against losses. ‘‘(2) A copy of the most recent report submitted under paragraph (1) shall be included in the annual report submitted by the Postal Regulatory Commission under section 3652(g).’’. (2) CLERICAL AMENDMENT.—The table of sections for chapter 20 of title 39, United States Code, is amended by adding after the item relating to section 2010 the following:

Reports.

‘‘2011. Provisions relating to competitive products.’’.

(b) TECHNICAL AND CONFORMING AMENDMENTS.— (1) DEFINITION.—Section 2001 of title 39, United States Code, is amended by striking ‘‘and’’ at the end of paragraph (1), by redesignating paragraph (2) as paragraph (3), and by inserting after paragraph (1) the following: ‘‘(2) COMPETITIVE PRODUCTS FUND.—The term ‘Competitive Products Fund’ means the Postal Service Competitive Products Fund established by section 2011; and’’. (2) CAPITAL OF THE POSTAL SERVICE.—Section 2002(b) of title 39, United States Code, is amended by striking ‘‘Fund,’’ and inserting ‘‘Fund and the balance in the Competitive Products Fund,’’. (3) POSTAL SERVICE FUND.— (A) PURPOSES FOR WHICH AVAILABLE.—Section 2003(a) of title 39, United States Code, is amended by striking ‘‘title.’’ and inserting ‘‘title (other than any of the purposes, functions, or powers for which the Competitive Products Fund is available).’’. (B) DEPOSITS.—Section 2003(b) of title 39, United States Code, is amended by striking ‘‘There’’ and inserting ‘‘Except as otherwise provided in section 2011, there’’. (4) RELATIONSHIP BETWEEN THE TREASURY AND THE POSTAL SERVICE.—Section 2006 of title 39, United States Code, is amended— (A) in subsection (a), in the first sentence, by inserting ‘‘or 2011’’ after ‘‘section 2005’’; (B) in subsection (b)— (i) in the first sentence, by inserting ‘‘under section 2005’’ before ‘‘in such amounts’’; and (ii) in the second sentence, by inserting ‘‘under section 2005’’ before ‘‘in excess of such amount.’’; and (C) in subsection (c), by inserting ‘‘or 2011(e)(4)(E)’’ after ‘‘section 2005(d)(5)’’.

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