I am pleased the Committee has approved this bill to facilitate electronic commerce, Senator Abraham said.
Internet users are ready to go far beyond buying books and apparel on-line.
This bill will ensure that individuals and organizations in different states are held to their agreements and obligations even if their respective states have different rules concerning electronically signed documents. I congratulate Senator Abraham for his hard work on technology issues, Senator McCain said. Information technology has opened up whole new avenues for learning, education, and it has also opened up whole new approaches to doing business. Grant parties to a transaction the freedom to determine the technologies and business methods to be used in the execution of an electronic contract. Direct the Department of Commerce and Office of Management and Budget to report on Federal laws and regulations that might pose barriers to electronic commerce and report back to Congress on the impact and provide suggestions for reform.