[Congressional Record Volume 146, Number 75 (Thursday, June 15, 2000)]
[Extensions of Remarks]
[Page E1034]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




PROVIDING FOR CONSIDERATION OF S. 761, ELECTRONIC SIGNATURES IN GLOBAL 
                       AND NATIONAL COMMERCE ACT

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                               speech of

                           HON. PETE SESSIONS

                                of texas

                    in the house of representatives

                        Wednesday, June 14, 2000

  Mr. SESSIONS. Mr. Speaker, I would like to take a moment to clarify a 
provision contained within S. 761, the Electronic Signatures in Global 
and National Commerce Act. Mr. Speaker, the final conference agreements 
strikes title III of the House bill (H.R. 1714) with respect to 
electronic records, signatures or agreements covered under the federal 
securities laws because the title I provisions of the conference 
agreement are intended to encompass the title III provisions. The 
reference in section 101(a) of the conference agreement to ``any 
transaction in or affecting interstate or foreign commerce'' is 
intended to include electronic records, signatures, and agreements 
governed by the Securities Exchange Act of 1934 and all electronic 
records, signatures, and agreements used in financial planning, income 
tax preparation, and investments. Therefore, the conference agreement 
does not need to single out or treat differently electronic records, 
signatures and agreements regulated by federal securities laws in a 
separate title.

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