S 761 -- 11/08/99
November 8, 1999
(Senate) |
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Electronic commerce can provide consumers and businesses with significant
benefits in terms of costs, choice, and convenience. The Administration
strongly supports the development of this marketplace and supports
legislation that will advance that development, while providing appropriate
consumer protection. Many businesses and consumers are still wary of
conducting extensive business over the Internet because of the lack of a
predictable legal environment governing transactions. Both the Congress
and the Administration have been working to address this important
potential impediment to commerce.
S. 761 addresses important concerns associated with electronic commerce and the rise of the Internet as a worldwide commercial forum and marketplace. The Administration supports Senate passage of the amendment in the nature of a substitute to S. 761 expected to be offered by Senator Abraham, based on an agreement with Senators Leahy and Wyden. The Administration supports this version of S. 761 because the bill, as proposed to be amended, would:
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