Federal legislation on the use of electronic signatures in Internet commerce may be necessary because of conflicting state laws, the chairman of a congressional panel said Wednesday.

"Normally, I am a state-type person, but I can see in this case a valid argument for perhaps federal legislation some day," said Rep. Michael N. Castle, R-Del., head of House Banking's monetary policy subcommittee.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.