The resolution urges the President and Congress of the United States to enact legislation that mandates federally-regulated depository institutions to provide paper account statements to elder adults at no charge. It highlights the trend of banks charging fees for paper statements, which disproportionately affects seniors who may not have access to or be comfortable using online banking. While some states, like New Jersey, have proposed similar legislation, federal preemption prevents states from prohibiting such fees for federally-regulated institutions.

The resolution emphasizes the importance of ensuring that elder adults can receive their account information in a format that is accessible to them, as many do not own or operate computers or electronic devices. By calling for federal legislation, the resolution aims to protect the rights of senior citizens and ensure they have access to essential banking information without incurring additional costs. Copies of the resolution will be sent to the President and members of Congress to advocate for this change.