CUNA is now America's Credit Unions.
A stronger voice to advance the credit union industry.
A House Energy and Commerce subcommittee passed the CUNA-supported Securing and Enabling Commerce Using Remote and Electronic Notarization Act (H.R. 3692) with a unanimous 22-0 vote Thursday. The bill would authorize the use of remote online notarization and create national standards and protections for its use.
“We thank the subcommittee for advancing this bipartisan, common-sense legislation,” said CUNA President/CEO Jim Nussle. “This is sound public policy that will help consumers execute and validate transactions through its national standards and consumer protections.”
H.R. 3962 was introduced by Reps. Madeleine Dean, D-Pa., and Kelly Armstrong, R-N.D. and has more than 90 co-sponsors from both parties.
The subcommittee also passed the American Data Protection and Privacy Act (H.R. 8152), which CUNA noted agrees with several key principles of its data privacy and security principles.