billHR887Event Thursday, December 12, 2019Analyzed

To designate the facility of the United States Postal Service located at 877 East 1200 South in Orem, Utah, as the "Jerry C. Washburn Post Office Building".

Neutral

Summary

H.R. 887 (Public Law 116-79) is a ceremonial bill that designates a specific USPS facility in Orem, Utah, as the 'Jerry C. Washburn Post Office Building.' It was signed into law on December 12, 2019, during the 116th Congress. The bill has no funding, no regulatory impact, and no effect on any market sector or publicly traded company.

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Key Takeaways

  • 1.This is a ceremonial naming bill with no financial or regulatory impact.
  • 2.No publicly traded companies are affected.
  • 3.Investors should ignore this bill for market analysis.

Market Implications

No market implications. This is a routine naming designation with zero impact on any sector or company.

Full Analysis

This bill is a naming designation for a single postal facility. It was introduced by Rep. Curtis (R-UT), had three cosponsors from Utah's delegation, passed both chambers by voice vote, and was signed by the President. There is no authorization or appropriation of funds, no change to USPS operations, and no impact on any private sector entity. The bill is purely ceremonial and has zero market implications.

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