; (2) the effectiveness of the Postal Service’s in-person identity verification procedures in accurately and consistently identifying the senders of parcels carried on air carriers; and (3) the effectiveness of the audit trail generated by customs declarations in accurately and consistently identifying the senders of parcels carried on air carriers to international destinations. 210. Long-term solvency plan; annual financial plan and budget (a) Definitions In this section— (1) the term Board of Governors means the Board of Governors of the Postal Service; (2) the term long-term solvency plan means the plan required to be submitted by the Postmaster General under subsection (b)(1); and (3) the term solvency means the ability of the Postal Service to pay debts and meet expenses, including the ability to perform maintenance and repairs, make investments, and maintain financial reserves, as necessary to fulfill the requirements under, and comply with the policies of, title 39, United States Code, and other obligations of the Postal Service. (b) Plan for the long-Term solvency of the Postal Service (1) Solvency plan required (A) In general Not later than the date described in subparagraph (B), the Postmaster General shall submit to the Board of Governors a plan describing the actions the Postal Service intends to take to achieve long-term solvency. (B) Date The date described in this subparagraph is the later of— (i) the date that is 90 days after the date of enactment of this Act; and (ii) the earliest date as of which the Board of Governors has the number of members required for a quorum. (2) Considerations The long-term solvency plan shall take into account— (A) the legal authority of the Postal Service; (B) changes in the legal authority and responsibilities of the Postal Service under this Act and the amendments made by this Act; (C) projected changes in mail volume; (D) the impact of any regulations that the Postal Service is required to promulgate under Federal law