Senate Committee Advances E-SIGN Modernization Bill

The Senate Commerce Committee voted Wednesday to advance the CUNA-supported E-SIGN Modernization Act. CUNA had written in support of the bill Tuesday, calling it an important update to 2000’s E-SIGN Act.

Specifically, the E-SIGN Modernization Act would remove the requirement in the Electronic Signatures in Global and National Commerce Act requiring consumers to reasonably demonstrate their ability to access information electronically prior to consenting to electronic records. It was introduced by Sens. John Thune (R-S.D.), Jerry Moran (R-Kan.) and Todd Young (R-Ind.).