E-SIGN Modernization Act of 2022

Bill: 117-s-3715
Sponsor: full_name: Sen. Thune, John [R-SD]
Introduced: 2022-03-01
Policy area: Finance and Financial Sector
Latest action: action_date: 2022-03-01
text: Read twice and referred to the Committee on Commerce, Science, and Transportation. (text: CR S876-877)

Summaries:
action_date: 2022-03-01
action_desc: Introduced in Senate
text: <p><b>E-SIGN Modernization Act of 2022 </b></p> <p>This bill repeals certain requirements regarding the use of electronic records in commerce. Specifically, the bill repeals the requirement that consumers must demonstrate their ability to access information electronically in order to consent to the use of electronic records. </p>

tv_txt: II 117th CONGRESS 2d Session S. 3715 IN THE SENATE OF THE UNITED STATES March 1, 2022 Mr. Thune (for himself, Mr. Moran , Mr. Young , and Mrs. Blackburn ) introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation A BILL To amend the Electronic Signatures in Global and National Commerce Act to accommodate emerging technologies.

1. Short title This Act may be cited as the E-SIGN Modernization Act of 2022 . 2. Requirements for consent to electronic disclosures (a) In general Title I of the Electronic Signatures in Global and National Commerce Act ( 15 U.S.C. 7001 et seq. ) is amended— (1) in section 101(c) ( 15 U.S.C. 7001(c) )— (A) in paragraph (1), by striking subparagraphs (C) and (D) and inserting the following: (C) the consumer, prior to consenting, is provided with a statement of the hardware and software requirements for access to and retention of the electronic records; and (D) after the consent of a consumer in accordance with subparagraph (A), if a change in the hardware or software requirements needed to access or retain electronic records creates a material risk that the consumer will not be able to access or retain a subsequent electronic record that was the subject of the consent, the person providing the electronic record provides the consumer with a statement of— (i) the revised hardware and software requirements for access to and retention of the electronic records; and (ii) the right to withdraw consent without the imposition of any fees for such withdrawal and without the imposition of any condition or consequence that was not disclosed under subparagraph (B)(i). ; (B) by striking paragraph (3); and (C) by redesignating paragraphs (4), (5), and (6) as paragraphs (3), (4), and (5), respectively; (2) in section 104(d)(1) ( 15 U.S.C. 7004(d)(1) ), by inserting or a State regulatory agency after Federal regulatory agency ; (3) by striking section 105 ( 15 U.S.C. 7005 ); and (4) by redesignating sections 106 and 107 ( 15 U.S.C. 7006 , 7001 note) as sections 105 and 106, respectively. (b) Technical and conforming amendments (1) Economic Growth, Regulatory Relief, and Consumer Protection Act Section 215(f)(2) of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( 42 U.S.C. 405b(f)(2) ) is amended by striking section 106 of the Electronic Signatures in Global and National Commerce Act ( 15 U.S.C. 7006 ) and inserting section 105 of the Electronic Signatures in Global and National Commerce Act . (2) Electronic Fund Transfer Act Section 920(g)(2)(A) of the Electronic Fund Transfer Act ( 15 U.S.C. 1693o–1(g)(2)(A) ) is amended by striking section 106(2) of the Electronic Signatures in Global and National Commerce Act ( 15 U.S.C. 7006(2) ) and inserting section 105(2) of the Electronic Signatures in Global and National Commerce Act . (3) Electronic Signatures in Global and National Commerce Act The Electronic Signatures in Global and National Commerce Act ( 15 U.S.C. 7001 et seq. ) is amended— (A) in section 201(a)(2) ( 15 U.S.C. 7021(a)(2) ), by striking section 106 and inserting section 105 ; and (B) in section 301(c) ( 15 U.S.C. 7031(c) ), by striking section 106 and inserting section 105 . (c) Rule of construction Nothing in this section, or the amendments made by this section, may be construed as affecting the consent provided by any consumer under section 101(c) of the Electronic Signatures in Global and National Commerce Act ( 15 U.S.C. 7001(c) ) before the date of enactment of this Act.