US President Bill Clinton has pledged to examine US legislation which could stifle e-commerce momentum and update it to sustain current growth rates for internet trading. We must update laws and regulations developed before the advent of the internet that may have the unintended effect of impeding business-to-business and business-to-consumer online transactions, Clinton said in a memo sent on Monday to heads of executive departments and agencies. The president has tasked the US Commerce Department with spearheading a group to pinpoint needed changes to the law. The memo calls for the group to begin a public poll on the issue within 60 days and report findings directly to Clinton in a timely manner.
