119 HR 4538 IH: Protecting Against Paperless and Electronic Requirements Act U.S. House of Representatives 2025-07-17 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 4538IN THE HOUSE OF REPRESENTATIVESJuly 17, 2025Mr. Turner of Ohio introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo prohibit covered entities from requiring consumers to solely use digital monthly statements, and for other purposes.

1.

Short title

This Act may be cited as the Protecting Against Paperless and Electronic Requirements Act or the PAPER Act.

2.

Requirement

(a)

In general

Each covered entity shall offer each consumer of such entity the option of receiving paper copies of their monthly statements. (b)

Prohibition

A covered entity may not condition the use of any services offered by such entity on the sole use of digital monthly statements by a consumer. (c)

Definitions

(1)

Depository institution

The term depository institution has the meaning given the term in section 3 of the Federal Deposit Act. (2)

Credit union

The term credit union has the meaning given the term in section 101 of the Federal Credit Union Act. (3)

Covered entity

The term covered entity means a depository institution or a credit union.