Need to get staffers up to speed and the members will follow when they see an issue of importance. Wash law has requirement that Cas be bonded, and that a reliance limit be on the certificate. Question is what causes the liability. There are issues as to whether it covers stored value. In Mass, we concluded that apportionment of liability not appropriate for single state action - particularly with infant emerging market.
First priority is to create a market by accepting certificates in the government.
A legitimate role for secretary of state - not to get into business in competition with private sector, but needs our own CA for our own transactions, but will allow secy of state to issue certifi for any business registered with secy of state to do business. This will be done by electronic certificates, and this will seed the market. We are also going to accept electronic and digitally signed documents which will also seed the market. That is a rational way to encourage the market by incentives - but avoids the unforseen probably negative consequences of direct regulation. Commerce can use electronic signatures other than pair-key digital signatures under their legislation.