Section 1. Short title
This Act may be cited as the Postal Executive Responsibility, Fiscal Oversight, and Results-based Management Act or the PERFORM Act.
Section 2. Limitation on bonuses and other compensation to Postmaster General
Section 3686 of title 39, United States Code, is amended—
(1) by redesignating subsection (e) as subsection (f); and
(2) by inserting after subsection (d) the following:
(1) In general
Notwithstanding any other provision of this title, the Board of Governors shall not award any bonus, incentive award, retention payment, or other performance-based compensation for the Postmaster General for a fiscal year if, during the preceding fiscal year—
(A) total costs of the Postal Service exceeded total revenue;
(B) the Postal Service failed to meet established nationwide service performance targets;
(C) the Postal Service received a material weakness, adverse opinion, or disclaimer in its financial audit; or
(D) the Postal Service failed to submit a report to Congress as required under paragraph (2).
(2) Report
Not later than 30 days after the end of each fiscal year, the Postmaster General shall submit an annual report to Congress detailing—
(A) any bonus, incentive award, retention payment, or other performance-based compensation paid to any officer or employee of the Postal Service in senior executive or equivalent positions;
(B) the performance metrics used to justify each bonus, incentive award, retention payment, or other performance-based compensation;
(C) the financial performance of the Postal Service for the preceding fiscal year; and
(D) national and district-level service performance data.
(3) Inspector General review
The Inspector General of the Postal Service shall review the report submitted under paragraph (2) and determine whether the Postal Service complied with the requirements of this subsection.