The PERFORM Act would restrict bonuses and other performance-based compensation for the Postmaster General, prohibiting such payments if the Postal Service loses money, fails to meet service targets, receives a poor financial audit, or fails to report to Congress. The bill requires the Postmaster General to submit a detailed annual report to Congress within 30 days of each fiscal year's end, describing all bonuses and incentive payments to senior executives, the performance metrics justifying them, and the Postal Service's financial and service performance data. The Postal Service Inspector General would be tasked with reviewing these reports to ensure compliance with the new requirements. This legislation would affect the Postmaster General and other senior Postal Service executives whose compensation could be limited. The bill includes no specific funding allocations or implementation timelines beyond the 30-day reporting requirement.
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