H.R. 4538

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4538 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. R. 4538

To prohibit covered entities from requiring consumers to solely use 
digital monthly statements, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

July 17, 2025

Mr. Turner of Ohio 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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