A bill passed by the House allows electronic delivery of regulatory documents to investors, reducing physical mail for the U.S. Postal Service, affecting jobs, and revenue. Opponents argue it could negatively impact the USPS. Some Americans prefer paper documents due to technology challenges and rural internet access issues. The bill has yet to be considered by the Senate.

Paper communications are deemed more secure than digital transmission by some critics. The shift to electronic payments for Social Security is expected to save the federal government millions annually. The U.S. Department of the Treasury estimates a paper check costs 50 cents, while an electronic funds transfer costs less than 15 cents. The SSA says paper checks are 16 times more likely to be lost or stolen compared to electronic payments.

The House bill directs the SEC to finalize a rule allowing investment companies to switch to electronic-only delivery for required financial information. Proponents argue it modernizes the system, reduces waste, and enhances security. The measure could have a significant impact on the USPS, which reported an operating loss of $2.8 billion during the last fiscal year.

Read more at Yahoo Finance: House approval of digital financial disclosures would impact USPS mail