H.R. 6777

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6777 Introduced in House (IH)]

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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.
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