A bill to amend chapter 2 of title 39, United States Code, with respect to appointment, pay, and status of the Postmaster General and the Deputy Postmaster General, and for other purposes.

Directs the President to appoint the Postmaster General, by and with the advice and consent of the Senate. (Currently, the Board of Governors of the Postal Service makes such appointment.) Requires the Postmaster General to appoint the Deputy Postmaster General. (Currently, the Board of Governors and the Postmaster General make such appointment.)

Establishes pay rates for the Postmaster and Deputy Postmaster General.

Includes the Postmaster General in the order of succession for acting President.

Requires the Comptroller General to annually audit financial activities of the Board of Governors. Requires the Board to make an annual financial report to the President and the Congress on: (1) the pay and reimbursed expenses of each Governor; and (2) all contracts and agreements requiring the payment of funds available to the Board or the Postal Service.

Specifies the status of the Postmaster and Deputy Postmaster as full voting members of the Board.

Declares this Act effective May 15, 1989.