Cost and efficiency reforms

(a) In general Section 3622(d) of title 39, United States Code, is amended— (1) in paragraph (1)(A), by striking to be set by and all that follows and inserting the following: equal to the amount that is the percentage change in the Consumer Price Index for All Urban Consumers unadjusted for seasonal variation over the most recent available 12-month period preceding the date the Postal Service files notice of its intention to increase rates less— (i) 0.5 percent; or (ii) such other percentage as specified in an order by the Commission if such order describes the reasons of the Commission for selecting such other percentage and such order applies such other percentage with respect to only one such annual limitation;; and (2) by amending paragraph (3) to read as follows: (3) Revisions In revising the system as permitted by subsection (a), the Postal Regulatory Commission shall make no change which would cause the revised system to be inconsistent with this section.. (b) Regulations Not later than 60 days after the date of the enactment of this Act, the Postal Regulatory Commission shall issue such regulations as are necessary to carry out section 3622(d)(1)(A) of title 39, United States Code, as amended by this section.