The bill introduces the "Senior Savings Protection Act" to Title 6 of the General Laws, which is focused on commercial law and general regulatory provisions. The act prohibits any person engaged in the sale of goods or services from charging a fee to senior citizens aged 65 or older for providing hard-copy paper bills, statements, or invoices. This new chapter, designated as Chapter 40.1, aims to protect senior citizens from additional charges for paper documentation.

The bill also establishes penalties for violations of the new chapter. Any person who violates the provisions of the Senior Savings Protection Act will be deemed to have committed a deceptive trade practice and will be subject to the penalty set forth in § 6-13.1-14, which is a five hundred dollar ($500) fine. The act is set to take effect on January 1, 2025.