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US HB4538
Bill
Status
7/17/2025
Primary Sponsor
Michael Turner
Click for details
AI Summary
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Requires depository institutions and credit unions to offer consumers the option of receiving paper copies of their monthly statements
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Prohibits banks and credit unions from conditioning the use of any services on a consumer's sole use of digital monthly statements
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Applies to all depository institutions as defined in section 3 of the Federal Deposit Act and credit unions as defined in section 101 of the Federal Credit Union Act
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Introduced July 17, 2025 by Rep. Turner of Ohio and referred to the House Committee on Financial Services
Legislative Description
PAPER Act Protecting Against Paperless and Electronic Requirements Act
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
7/17/2025