Senate committee advances E-SIGN modernization bill

September 16, 2020

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

“We thank the Senate Commerce Committee for advancing this piece of legislation that provides important modernizations reflecting the last 20 years of Internet technology,” said CUNA President/CEO Jim Nussle. “With the effects of the pandemic still ongoing, we urge Congress to move this bill along and address the digital options that can help consumers conduct business beyond traditional paper-based processes.”

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.).

CUNA has also called for the bill to be included in the next phase of COVID-19 relief legislation.