Page:United States Statutes at Large Volume 120.djvu/3264

 PUBLIC LAW 109–435—DEC. 20, 2006

120 STAT. 3233

the majority leader of the Senate, and the minority leader of the Senate.’’. (c) 7-YEAR TERMS.— (1) IN GENERAL.—Section 202(b) of title 39, United States Code, is amended in the first sentence by striking ‘‘9 years’’ and inserting ‘‘7 years’’. (2) APPLICABILITY.— (A) CONTINUATION BY INCUMBENTS.—The amendment made by paragraph (1) shall not affect the tenure of any person serving as a Governor of the United States Postal Service on the date of enactment of this Act and such person may continue to serve the remainder of the applicable term. (B) VACANCY BY INCUMBENT BEFORE 7 YEARS OF SERVICE.—If a person who is serving as a Governor of the United States Postal Service on the date of enactment of this Act resigns, is removed, or dies before the expiration of the 9-year term of that Governor, and that Governor has served less than 7 years of that term, the resulting vacancy in office shall be treated as a vacancy in a 7year term. (C) VACANCY BY INCUMBENT AFTER 7 YEARS OF SERVICE.—If a person who is serving as a Governor of the United States Postal Service on the date of enactment of this Act resigns, is removed, or dies before the expiration of the 9-year term of that Governor, and that Governor has served 7 years or more of that term, that term shall be deemed to have been a 7-year term beginning on its commencement date for purposes of determining vacancies in office. Any appointment to the vacant office shall be for a 7-year term beginning at the end of the original 9-year term determined without regard to the deeming under the preceding sentence. Nothing in this subparagraph shall be construed to affect any action or authority of any Governor or the Board of Governors during any portion of a 9-year term deemed to be a 7-year term under this subparagraph. (d) TERM LIMITATION.— (1) IN GENERAL.—Section 202(b) of title 39, United States Code, is amended— (A) by inserting ‘‘(1)’’ after ‘‘(b)’’; and (B) by adding at the end the following: ‘‘(2) No person may serve more than 2 terms as a Governor.’’. (2) APPLICABILITY.—The amendments made by paragraph (1) shall not affect the tenure of any person serving as a Governor of the United States Postal Service on the date of enactment of this Act with respect to the term which that person is serving on that date. Such person may continue to serve the remainder of the applicable term, after which the amendments made by paragraph (1) shall apply.

39 USC 202 note.

39 USC 202 note.

SEC. 502. OBLIGATIONS.

(a) PURPOSES FOR WHICH OBLIGATIONS MAY BE ISSUED.—The first sentence of section 2005(a)(1) of title 39, United States Code, is amended by striking ‘‘title.’’ and inserting ‘‘title, other than

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