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THE WHITE HOUSE

                     Office of the Press Secretary
                          (New York, New York)
________________________________________________________________________
For Immediate Release                                      June 16, 2000

STATEMENT BY THE PRESIDENT

I am pleased that the Senate today adopted the Electronic Signatures conference report by an overwhelming bipartisan vote. I look forward to signing this important legislation into law as soon as possible.

This landmark legislation will ensure that consumer protections remain strong in the technology age. It will help create new rules of the road for America's hi-tech economy. E-commerce helps strengthen our economy by lowering inflation, raising productivity, and spurring new research and development. By marrying one of our oldest values - our commitment to consumer protection - with the newest technologies, we can achieve the full measure of the benefits that E-commerce has to offer.

My congratulations to the Democratic and Republican leaders of the conference committee for their hard work on this legislation.

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