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SCR103
SENATE CONCURRENT RESOLUTION No. 103
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED FEBRUARY 24, 2026
Sponsored by:
Senator� ANGELA V. MCKNIGHT
District 31 (Hudson)
SYNOPSIS
���� Urges President and Congress of United States to
enact legislation requiring paper account statements be provided to elder
adults.
CURRENT VERSION OF TEXT
���� As introduced.
��
A
Concurrent Resolution
respectfully
urging
the President and Congress of the United States to enact legislation requiring
federally-regulated depository institutions to provide paper account statements
to elder adults.
Whereas,
Traditionally, many banks and other depository institutions provided customers
with monthly paper statements for checking and savings accounts, but in recent
years many of these banks and other depository institutions have begun charging
customers a fee for paper statements; and
Whereas,
While federal law requires National banks to provide periodic statements in
certain circumstances, federal law currently permits banks to charge customers
a fee for paper statements; and
Whereas,
Some customers have become accustomed to �online banking,� but many banking
customers that are seniors do not own or customarily operate computers and
electronic devices, and therefore are unable to easily obtain electronic
statements; and
Whereas,
In response to this problem, Senate Bill No. 2787, introduced in the General
Assembly of the State of New Jersey in the 2026-2027 legislative session, would
require, with respect to any account held by an elder adult, State-regulated
depository institutions to mail periodic account statements in paper form to
the account holder without charge, but due to federal preemption of state laws
in this area, in the case of federally-regulated depository institutions, the
State cannot prohibit such fees for paper statements; and
Whereas,
Therefore, this resolution calls upon the President and Congress of the United
States to enact legislation, similar to Senate Bill No. 2787, to require
federally-regulated depository institutions to provide periodic paper account
statements to elder adults without charge; now, therefore,
����
Be It Resolved
by the Senate of the State of New
Jersey (the General Assembly concurring):
���� 1.��� This concurrent
resolution respectfully urges the President and Congress of the United States
to enact legislation, similar to Senate Bill No. 2787, requiring federally-regulated
depository institutions to provide periodic paper account statements to elder
adults without charge.
���� 2.��� Copies of this
resolution, as filed with the Secretary of State, shall be transmitted by the Clerk
of the General Assembly or the Secretary of the Senate to the President of the
United States and to each member of the United States Congress.
STATEMENT
���� This concurrent resolution
respectfully urges the President and Congress of the United States to enact
legislation, similar to Senate Bill No. 2787, introduced in the Senate of the
State of New Jersey in the 2026-2027 legislative session, to require
federally-regulated depository institutions to provide periodic paper account
statements to elder adults without charge.
���� Some banking customers have
become accustomed to �online banking,� but many banking customers that are
seniors do not own or customarily operate computers and electronic devices, and
therefore are unable to easily obtain electronic statements.� This resolution
calls upon the federal government to enact legislation to require
federally-regulated depository institutions to provide periodic paper account
statements to elder adults without charge.