H.R. 3962 would, among other actions, authorize commissioned notaries public to electronically or remotely notarize documents affecting interstate commerce. The legislation also would require federal courts and state governments to recognize notarizations performed by any commissioned notary. CBO estimates that enacting H.R. 3962 would not affect direct spending or revenues. CBO has not estimated the discretionary costs of implementing the legislation. The legislation would impose intergovernmental mandates as defined in the Unfunded Mandates Reform Act that would not exceed the annual threshold of $92 million in 2022 (adjusted annually for inflation). The legislation contains no private-sector mandates.
