Legislation aimed at establishing uniform federal law for electronic commerce and electronic signatures and addressing some concerns of the mutual fund industry, has advanced in Congress.

An electronic commerce bill, introduced in the House of Representatives by Rep. Thomas J. Bliley, Jr. (R-Va.) over a year ago, was approved by the House 356 to 66 on Nov. 10, according to Steve Schmidt, a spokesperson for Rep. Bliley. The bill, which was subsequently amended to increase consumer protection, establishes legal parameters for electronic commerce, according to Schmidt.

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