Urgent Action Needed – HR2441 and S1877
October 16, 2025 – Once again, our industry is under siege.
We want to bring to your attention two pieces of proposed federal legislation—H.R. 2441 and S. 1877, collectively known as the Improving Disclosure for Investors Act of 2025. At first glance, these bills appear to modernize how financial institutions communicate with investors. However, upon closer review, they represent a direct and immediate threat to the printing, mailing, and postal sectors that form the foundation of our industry.
If enacted, these bills would allow the Securities and Exchange Commission (SEC) and self-regulatory organizations such as FINRA and the MSRB to make electronic delivery the default method for nearly all investor communications—effectively reversing the current opt-in model. This change would cause a significant and lasting reduction in print and mail volumes for statements, shareholder reports, and disclosures, while further straining the United States Postal Service.
H.R. 2441 / S. 1877 – Improving Disclosure for Investors Act of 2025
Analysis of H.R. 2441 / S. 1877 – Improving Disclosure for Investors Act of 2025
What’s at Stake for the Printing Industry
If passed, this legislation would:
- Diminish consumer access to paper-based communications, especially for seniors, rural communities, and low-income individuals without reliable broadband.
- Reduce demand for printed financial statements and disclosures — a critical revenue stream for printers, paper producers, and mailing services.
- Jeopardize data security by pushing sensitive personal information into less secure digital channels.
- Undermine an industry that supports more than 7.9 million U.S. jobs and contributes $1.9 trillion in annual sales revenue.
Additionally, the proposed shift could result in $2 billion in annual losses to the U.S. Postal Service, further destabilizing mail delivery services that many printers rely on.
Why It Matters to You
As a member of the printing industry, your business relies on strong demand for paper-based communication. This legislation threatens that demand by removing paper as the default option — pushing consumers into digital delivery unless they take specific action to opt in.
It’s not just a policy change — it’s a forced migration away from print.
Take Action Now
We are coordinating with our national partners to oppose this legislation, and strongly urge all GLGA members to advocate with your legislators. Contact your U.S. Senators and Representatives today and voice your strong opposition to H.R. 2441 and S. 1877.
Need your legislators’ contact information? Use this “Find Your Member” link and enter your address.
Please take a few moments to urge Congress to act today, and share this alert with your employees, customers and vendors, and industry partners and peers.
