A Republican bill with no cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- 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
- Scored +4
Would people over 65 be better off under this?
The bill benefits seniors who may rely more on paper statements than digital platforms.
- Scored +4
Would retired people be better off under this?
Providing paper statements is highly beneficial for retirees who often prefer physical documentation.
- Scored +3
Would people with disabilities be better off under this?
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
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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.
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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. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would retired people be better off under this? — Providing paper statements is highly beneficial for retirees who often prefer physical documentation. Would people over 65 be better off under this? — The bill benefits seniors who may rely more on paper statements than digital platforms. Would people with disabilities be better off under this? — The bill provides essential accommodations for individuals who may have difficulty navigating digital-only requirements. Would people in rural areas be better off under this? — The bill benefits rural residents who may have less reliable digital connectivity. Would households on low incomes be better off under this? — Providing paper options helps low-income households who may lack reliable internet or digital access. Would middle-income households be better off under this? — The bill offers choice which can be beneficial for middle-class consumers preferring paper records.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill enhances consumer protection by ensuring individuals have a choice in how they receive financial statements.
- 7/17/2025
- Referred to the House Committee on Financial Services.
- Introduced in House