H.R. 1963, the Postmark Prompt Payment Act of 1995 : hearings before the Subcommittee on the Postal Service of the Committee on Government Reform and Oversight, House of Representatives, One Hundred Fourth Congress, first and second session, on H.R. 1963 ... October 19, 1995, and February 28, 1996

United States. Congress. House. Committee On Government Reform And Oversight. Subcommittee On The Postal Service

Sujets

• The Postal Service
• United States
• Payment

Informations

• Publié par: les_archives_du_savoir
• Nombre de lectures: 19
• Langue: English
• Poids de l'ouvrage: 10 Mo

Extrait

THE POSTMARK PROMPT PAYMENTH.R. 1963,
ACT OF 1995
Y4.G74/7:P 84/19
H.R. 1963, The Postnark Pronpt Payn...
BEFORE THE
SUBCOMMITTEE ON THE POSTAL SERVICE
OF THE
COMMITTEE ON GOVERNMENT
REFORM AND OVERSIGHT
HOUSE OP REPRESENTATIVES
ONE HUNDRED FOURTH CONGRESS
FIRST AND SECOND SESSIONS
ON
H.R. 1963
TO AMEND TITLE 39, UNITED STATES CODE, TO PROVIDE THAT THE
PAYMENT OF A BILL, INVOICE, OR STATEMENT OF ACCOUNT DUE, IF
MADE BY MAIL, SHALL BE CONSIDERED TO HAVE BEEN MADE ON
THE DATE AS OF ENVELOPEWHICH THE WHICH IS USED TO TRANS-
MIT SUCH PAYMENT IS POSTMARKED
OCTOBER 19, 1995, AND FEBRUARY 28, 1996
Printed for the use of the Committee on Government Refoinfa'atid Oversight
^^3 2 m?
U.S. 'GOVERNMENT PRINTING OFFlM 0?.?O? i r%
22-103 CC 'WASHINGTON : 1996 \:
For sale by the U.S. Government Printing Office
Superintendent ofDocuments, Congressional Sales Office. Washington, DC 20402
ISBN 0-16-053895-5H.R. 1963, THE POSTMARK PROMPT PAYMENT
^^'
ACT OF 1995
Y4.G74/7:P 84/19
H.R. 1963, The Postnark Pronpt Payn.
^INGS
BEFORE THE
SUBCOMMITTEE ON THE POSTAL SERVICE
OF THE
COMMITTEE ON GOVERNMENT
REFORM AND OVERSIGHT
HOUSE OP REPRESENTATIVES
ONE HUNDRED FOURTH CONGRESS
FIRST AND SECOND SESSIONS
ON
H.R. 1963
TO AMEND TITLE 39, UNITED STATES CODE, TO PROVIDE. THAT THE
PAYMENT OF A BILL, INVOICE, OR STATEMENT OF ACCOUNT DUE, IF
MADE BY MAIL, SHALL BE CONSIDERED TO HAVE BEEN MADE ON
THE DATE AS OF WHICH THE ENVELOPE WHICH IS USED TO TRANS-
MIT SUCH PAYMENT IS POSTMARKED
OCTOBER 19, 1995, AND FEBRUARY 28, 1996
Printed for the use of the Committee on Government Refontt find sQyersight
^^3 2 1997
U.S. GOVERNMENT "^fir-^.^PRINTING OFFICE
22-103 CC WASHINGTON
: 1996 (P"""(] /
For sale by the U.S. Government Printing Office
Superintendent of Documents, Congressional Sales Office, Washington, DC 20402
ISBN 0-16-053895-5COMMITTEE ON GOVERNMENT REFORM AND OVERSIGHT
WILLIAM F. CLINGER, Jr., Pennsylvania, Chairman
BENJAMIN A. OILMAN, New York CARDISS COLLINS, Illinois
DAN BURTON, Indiana HENRY A. WAXMAN, CaUfomia
J. DENNIS HASTERT, IlUnois TOM LANTOS, California
CONSTANCE A. MORELLA, Maryland ROBERT E. WISE, Jr., West Virginia
CHRISTOPHER SHAYS, Connecticut MAJOR R. OWENS, New York
STEVEN SCHIFF, New Mexico EDOLPHUS TOWNS, New York
ILEANA ROS-LEHTINEN, Florida JOHN M. SPRATT, Jr., South CaroUna
WILLL\M H. ZELIFF, Jr., New Hampshire LOUISE Mcintosh slaughter. New
JOHN M. McHUGH, New York York
STEPHEN HORN, CaUfomia PAUL E. KANJORSKI, Pennsylvania
JOHN L. MICA, Florida GARY A. CONDIT, CaUfomia
PETER BLUTE, Massachusetts COLLIN C. PETERSON, Minnesota
THOMAS M. DAVIS, Virginia KAREN L. THURMAN, Florida
DAVID M. Mcintosh, Indiana CAROLYN B. MALONEY, New York
JON D. FOX, Pennsylvania THOMAS M. BARRETT, Wisconsin
RANDY TATE, Washington GENE TAYLOR, Mississippi
DICK CHRYSLER, Michigan BARBARA-ROSE COLLINS, Michigan
HOLMES DistrictGIL GUTKNECHT, Minnesota ELEANOR NORTON, of
MARK E. SOUDER, Indiana Columbia
WILLIAM MARTINI, New Jersey JAMES P. MORAN, VirginiaJ.
JOE SCARBOROUGH, Florida GENE GREEN, Texas
JOHN B. SHADEGG, Arizona CARRIE P. MEEK, Florida
MICHAEL PATRICK FLANAGAN, lUinois CHAKA FATTAH, Pennsylvania
CHARLES F. BASS, New Hampshire BILL BREWSTER, Oklahoma
STEVEN C. LaTOURETTE, Ohio TIM HOLDEN,
MARSHALL "MARK" SANFORD, South
Carolina BERNARD SANDERS, Vermont
ROBERT L. EHRLICH, Jr., Maryland (Independent)
James L. Clarke, DirectorStaff
GeneralKevin Sabo, Counsel
Judith McCoy, Chief Clerk
Bud Myers, Minority StaffDirector
Subcommittee on the Postal Service
JOHN M. McHUGH, New York, Chairman
BARBARA-ROSE COLLINS, MichiganMARSHALL "MARK" SANFORD, South
MAJOR R. OWENS, New YorkCaroUna
GREEN, TexasBENJAMIN A. OILMAN, New York GENE
CHRISTOPHER SHAYS, Connecticut CARRIE P. MEEK, Florida
DAVID M. Mcintosh, Indiana
ROBERT L. EHRLICH, Jr., Maryland
Ex Officio
WILLIAM F. CLINGER, Jr., Pennsylvania CARDISS COLLINS, lUinois
Dan Blair, DirectorStaff
Robert Twjb, Professional StaffMember
Heea Vazirani-Fales, StaffMember
Steve Willlams,Staff
Jennifer Tracey, Clerk
Denise Wilson, Minority Professional Staff
(IDCONTENTS
Page
Hearing held on:
October 19, 1995 1
February 28, 1996 45
Text ofH.R. 1963 2
Statement of:
Barrett, Hon. Thomas, a Representative in Congress from the State of
Wisconsin 9
Blute, Hon. Peter,a in Congress from the State ofMassa-
chusetts 11
Boehlert, Hon. Sherwood, a Representative in Congress from the State
ofNew York 5
Bruce, Ben F., director of imagiiig systems, ElectroCom Automation, L.P.;
Albert F. Stevens, president, Opex Corporation, accompanied by Mark
A. Stevens, vice president of marketing, and Robert Dewitt, vice presi-
dent of engineering; and Tod Mongan, senior vice president and general
counsel, BancTec, Inc., accompanied by Nolan Klier, director of product
marketing 139
Jacobs, Hon. Andrew Jr., a Representative in Congress from the State
of Indiana 8
Romero-Barcelo, Hon. Carlos, a Delegate in Congress from the Common-
wealth of Puerto Rico 6
Sewruk, Casimir, chief executive officer. Nest Egg Federal Credit Union,
on behalf of the Credit Union National Association; Joseph Bracewell,
president and chief officer, Century National Bank; Mallory
B. Duncan, vice president and general counsel, Retail Federa-
tion; Paul S. Reid, president, Mortgage Bankers Association; and Thom-
as J. Hughes, president and chief executive officer. Navy Federal Credit
Union, on behalf of the National Association ofFederal Credit Unions .. 49
Silbergeld, Mark, co-director, Washington Office, Consumers Union 14
Stockman, Hon. Steve, a Representative in Congress from the State of
Texas 11
Williams, Bruce, Talknet Radio 25
Letters, statements, etc., submitted for the record by:
AUiance ofAmerican Insurers, American Council of Life Insurance, Amer-
ican Insurance Association, the Council of Insurance Agents and Bro-
kers, Health Insurance Association of America, Independent Insvu-ance
Agents of America, National Association of Insurers, Na-
tional Association of Insurance Brokers, National Association of Life
Underwriters, National Association of Mutual Insurance Companies,
and National Association of Professional Insurance Agents, prepared
statement of 208
American Bankers Association, prepared statement of 20 Financial Services Association, prepared statement of 218
Blute, Hon. Peter, a Representative in Congress from the State ofMassa-
chusetts, prepared statement of 13
Bruce, Ben F., director of Imaging Systems, ElectroCom Automation,
L.P., prepared statement of 142
Coalition of Higher Education Assistance Organizations, prepared state-
ment of 207
Collins, Hon. Barbara-Rose, a Representative in Congress from the State
of Michigan, prepared statement of 20
Commercial Law League ofAmerica, prepared statement of 215
Consvuner Bankers Association, prepared statement of 35
Countrywide Funding Corporation, of 33
(III)IV
Page
Davis, Hon. Thomas M., a Representative in Congress from the State
of Virginia, prepared statement of 31, 103
Dinwiddie, Yvonne, president, Citizens Protecting Your Rights, prepared
statement of 212
Duncan, Mallory B., vice president and general counsel. National Retail
Federation:
Prepared statement of 77
Response to Written Questions Submitted by Hon. John M. McHugh . 84
Drozanowski, James C, president. Chase Manhattan Bank (USA), pre-
pared statement of 35
GE Capital Mortgage Services, Inc., prepared statement of 39
Oilman, Benjamin A., a Representative in Congress from the State of
New York, prepared statement of 33
Green, Hon. Gene, in Congress from the State of Texas,a
prepared statement of. 484,
Hughes, Thomas J., president and chief executive officer. Navy Federal
Credit Union, on behalf of the National Association of Federal Credit
Unions, prepared statement of 106
Institute of Real Estate Mangement of the National Association of Real-
tors, prepared statement of 200
King, Hon. Peter T., a Representative in Congress from the State of
New York, prepared statement of 31
Lackritz, Marc E., president. Securities Industry Association, prepared
statement of 226
Lazio, Hon. Rick, a Representative in Congress from the State of New
York, prepared statement of 33
McHugh, Hon. John M., a Representative in Congress from the State
ofNew York, prepared statement of 46
Mongan, Tod, senior vice president and general counsel, BancTec, Inc.:
Prepared statement of 187
Response to Written Questions Submitted by Hon. John M. McHugh . 191
Mortgage Bankers Association ofAmerica, prepared statement of 37
National Retail Federation, prepared statement of 43
Owens, Hon. Major, a Representative in Congress from the State of
New York, prepared statement of 5
Reid, Paul S., president, Mortgage Bankers Association:
Prepared statement of 91
Response to Written Questions Submitted by Hon. John M. McHugh . 99
Romero-Barcelo, Hon. Carlos, a Delegate in Congress from the Common-
wealth ofPuerto Rico, prepared statement of 7
Sewruk, Casimir, chief executive officer, Nest Egg Federal Credit Union,
on behalf of the Credit Union Nati