H.R. 6777

[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 6777 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 6777 To prohibit covered entities from requiring consumers to solely use digital monthly statements, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 13, 2023 Mr. Turner introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To prohibit covered entities from requiring consumers to solely use digital monthly statements, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protecting Against Paperless and Electronic Requirements Act'' or the ``PAPER Act''. SEC. 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. <all>