Electronic Financial Services Efficiency Act of 1997

Summary

Electronic Financial Services Efficiency Act of 1997 - Provides that: (1) in any written communication with any Federal agency or instrumentality, or any U.S. court, which calls for a signature, any party to the communication may affix a digital signature with a certificate issued by a trusted third party; and (2) all forms of electronic communication that comport with the standards prescribed by this Act shall have standing equal to paper-based written signatures with respect to Federal agencies, courts, and instrumentalities, as well as in general. Sets forth criteria for electronic authentication technology and other signature technologies. Establishes the National Association of Certification Authorities (Association), of which any person wishing to provide electronic authentication services shall be a registered member. Prescribes membership guidelines. Requires the Association to establish the Electronic Authentication Standards Review Committee, with rulemaking and enforcement powers, which shall: (1) establish, develop, and refine criteria for application to the emerging electronic authentication industry; and (2) report biannually to the Secretary of the Treasury. Requires the Secretary to oversee and review the Committee's activities.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 8 November 1997

   Introduced

   Referred to the Committee on Commerce, and in addition to the Committees on Government Reform and Oversight, the Judiciary, Science, and Banking and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 8 November 1997

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 November 1997

   Introduced

   Introduced in House

   Source: IntroReferral

4. 8 November 1997

   Introduced

   Referred to House Commerce

   Source: IntroReferral

5. 9 November 1997

   Introduced

   Sponsor introductory remarks on measure. (CR E2292-2293)

   Source: IntroReferral

6. 24 November 1997

   Referred

   Referred to the Subcommittee on Technology.

   Source: Committee

7. 26 November 1997

   Referred

   Referred to the Subcommittee on Financial Institutions and Consumer Credit.

   Source: Committee

8. 8 December 1997

   Referred

   Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.

   Source: Committee

9. 19 December 1997

   Referred

   Referred to the Subcommittee on Courts and Intellectual Property.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 November 1997 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 November 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 November 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 November 1997

  Open at official source

Sponsors

• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Dreier, David [R-CA-33] · R · Sponsor
• Rep. McCollum, Bill [R-FL-5] · R · Cosponsor
• · hsju00 · Standing
• · hsba00 · Standing
• · hsif00 · Standing
• · hssy00 · Standing
• · hsgo00 · Standing

Related records

No cross-record relationships stored yet.