PERFORM Act

The PERFORM Act restricts the ability to award bonuses and other performance-based compensation to the Postmaster General of the United States Postal Service under specific conditions. These restrictions apply if the Postal Service runs a budget deficit, fails to meet nationwide service targets, receives a negative financial audit opinion, or does not submit a required annual report to Congress. The bill mandates that the Postmaster General provide a detailed report each year outlining compensation paid to senior executives, the metrics used to justify those payments, and data on financial and service performance. Additionally, the Postal Service Inspector General is required to review these annual reports to ensure compliance with the new reporting and compensation rules.