The Securities and Exchange Commission (SEC) has proposed Regulation E-Delivery, which would allow financial institutions and other covered entities to make electronic delivery the default for investor documents without first obtaining an investor’s affirmative consent. 

Additionally, the House passed H.R. 3383, the Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025, or INVEST Act, which included Section 205, Improving Disclosure for Investors, that mandates e-delivery as the default for certain investor documents. The bill currently resides with the Senate Committee on Banking, Housing, and Urban Affairs. 

These developments are concerning because both the proposed rule and the legislation would take away revenue from printers and print resellers whose customers produce financial documents. It would also disenfranchise millions of people, particularly seniors and investors living in rural areas without regular broadband internet access. And it would further reduce mail volume and revenue for the U.S. Postal Service, a key delivery channel for the printing industry. Furthermore, as concerns grow around digital privacy and cybersecurity, the need for secure, reliable and equitable communication has never been more critical.  

Please send a message to the administration and Congress urging them to protect investor choice and ensure that paper delivery remains the default for investors' financial documents.