Urges President and Congress of United States to enact legislation requiring paper account statements be provided to elder adults.

This concurrent resolution urges the U.S. President and Congress to pass federal legislation requiring federally-regulated banks to provide free paper account statements to elder adults. It directly affects seniors who lack reliable access to online banking due to not owning or using computers or electronic devices. The resolution highlights that while many banks now charge fees for paper statements, federal law currently allows this practice, preventing states from mandating free paper statements for federally-regulated institutions. The resolution calls for federal action similar to New Jersey’s pending Senate Bill 2787, which would require free paper statements for elder account holders at state-regulated banks.