Bill · H.R. 4538· House(119-HR-4538)
PAPER Act
- Introduced
- 7/17/2025
- Last activity
- 7/17/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Michael Turner
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Protecting Against Paperless and Electronic Requirements Act" or the "PAPER Act," aims to prevent certain institutions from forcing customers to use digital statements. It focuses on depository institutions and credit unions. Under this act, these entities must provide consumers with the option to receive paper copies of their monthly statements. Furthermore, these institutions are prohibited from making the use of their services conditional upon a consumer using only digital statements.
Yes· 3 of 7
Would people over 65 be better off under this?+4
The bill benefits seniors who may rely more on paper statements than digital platforms.
Would retired people be better off under this?+4
Providing paper statements is highly beneficial for retirees who often prefer physical documentation.
Would people with disabilities be better off under this?+3
The bill provides essential accommodations for individuals who may have difficulty navigating digital-only requirements.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Choice in statement delivery: Each covered entity must offer consumers the option of receiving paper copies of their monthly statements (Section 2(a)). This provides individuals with a choice rather than a digital-only requirement.
-
Access to services: A covered entity may not condition the use of its services on a consumer using only digital monthly statements (Section 2(b)). This ensures that people can still access services without being forced into a digital-only format.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Retirees+4Good For Seniors+4Good For People With Disabilities+3Good For Rural Residents+3Good For Low Income Households+2Good For Middle Class Households+1
- Economy And Finance
- Improves Consumer Protection+3
- 7/17/2025
- Referred to the House Committee on Financial Services.
- Introduced in House