“And all of you young people will someday look back on this day …and marvel that it was considered a big deal.” So said President Bill Clinton to a group of business and computer science students who watched him
electronically sign the e-Signature bill into law. At the end of June, Clinton penned the eagerly awaited legislation both by hand and by computer. It is expected, as he said, to “give fresh momentum to what is already the longest economic expansion in history.”
The law will give online contracts the same legal force as paper contracts effective Oct. 1, though companies began March 1 retaining electronic records such as mortgages and financial securities. While it was the first bill to ever be signed into law electronically, it was not the first time Clinton has provided an electronic signature while serving as president. In 1998, he and Irish Prime Minister Bertie Ahern used “smart cards” to electronically sign an electronic-commerce agreement.
Was this article valuable?
Here are more articles you may enjoy.
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ From This Issue
