If Congress doesn’t act on a legislative package for USPS this year, Steiner said the mail agency will consider lowering service standards, raising prices and closing thousands of “unprofitable” post offices. USPS, in a wish list of possible legislative reforms, also proposed eliminating its regulatory agency — a move that would give USPS greater freedom to raise mail prices and strike deals with private-sector companies. Steiner said USPS is “constantly handcuffed by the PRC when it comes to taking the most logical steps in revenue management and pricing," and that USPS will lose $700 million in annual revenue because of this limit on price hikes.