{"longTitle":"Make provision for the restructuring of the Royal Mail group and about the Royal Mail Pension Plan; to make new provision about the regulation of postal services, including provision for a special administration regime; and for connected purposes.","summary":"<p>The Bill's provisions are divided into four main parts.</p><ul><li>Part 1 provides for the restructuring of Royal Mail, including the introduction of private sector capital and expertise from the sale of up to 90% of Royal Mail, an employee share scheme and provisions for Post Office Ltd to continue to be owned by the Crown or a mutual ownership structure </li><li>Part 2 deals with the Royal Mail&rsquo;s pension deficit by transferring the historic liabilities of the scheme to the Government</li><li>Part 3 makes provisions for the regulatory arrangements for postal services through the transfer of powers from Postcomm to Ofcom</li><li>Part 4 contains provisions for a &ldquo;special administrative regime&rdquo; should the universal postal service be at risk from the provider entering insolvency proceedings</li></ul>","sponsors":[{"member":{"memberId":207,"name":"Vince Cable","party":"Liberal Democrat","partyColour":"fc7d0b","house":"Commons","memberPhoto":"https://members-api.parliament.uk/api/Members/207/Thumbnail","memberPage":"https://members.parliament.uk/member/207/contact","memberFrom":"Twickenham"},"organisation":{"name":"Department for Business, Innovation and Skills","url":"https://www.gov.uk/government/organisations/department-for-business-innovation-skills"},"sortOrder":1},{"member":{"memberId":1727,"name":"Baroness Wilcox","party":"Conservative","partyColour":"0063ba","house":"Lords","memberPhoto":"https://members-api.parliament.uk/api/Members/1727/Thumbnail","memberPage":"https://members.parliament.uk/member/1727/contact","memberFrom":"Life peer"},"organisation":{"name":"Department for Business, Innovation and Skills","url":"https://www.gov.uk/government/organisations/department-for-business-innovation-skills"},"sortOrder":2}],"promoters":[],"petitioningPeriod":null,"petitionInformation":null,"agent":null,"billId":765,"shortTitle":"Postal Services Act 2011","formerShortTitle":null,"currentHouse":"Unassigned","originatingHouse":"Commons","lastUpdate":"2011-11-10T15:29:54","billWithdrawn":null,"isDefeated":false,"billTypeId":1,"introducedSessionId":24,"includedSessionIds":[24],"isAct":true,"currentStage":{"id":4320,"stageId":11,"sessionId":24,"description":"Royal Assent","abbreviation":"RA","house":"Unassigned","stageSittings":[{"id":4107,"stageId":11,"billStageId":4320,"billId":765,"date":"2011-06-13T00:00:00"}],"sortOrder":14}}