The U.S. Federal Trade Commission (FTC) and the Department of Commerce released a report Wednesday recommending that Congress take no action to amend the digital signature law, also known as the Electronic Signature in Global & National Commerce Act (ESIGN), which was signed by President Bill Clinton a year ago.
"It is reasonable to conclude that, thus far, the benefits of the consumer consent provision of ESIGN outweigh the burdens of its implementation on electronic commerce, and that the provision appears to be working satisfactorily at this stage of the Act's implementation," the agencies' report said.
However, the report also noted that not enough time has passed for consumers and businesses to experience the effects of the law or to determine if the implementation of ESIGN has led to an increase in online consumer deception and fraud.
News: Government
