ESIGN Laws Government Paperwork Elimination Act
A company's eSign process should be compliant with the procedures and guidance found in the Implementation of the Government Paperwork Elimination Act from The Office of Management and Budget, Executive Office of the President. The Office of Management and Budget (OMB) provides procedures and guidance to implement The Government Paperwork Elimination Act (GPEA).
The Government Paperwork Elimination Act (GPEA, P.L. 105-277) requires that, when practicable, Federal agencies use electronic forms, electronic filing, and electronic signatures to conduct official business with the public by 2003. In doing this, agencies will create records with business, legal and, in some cases, historical value. This guidance focuses on records management issues involving records that have been created using electronic signature technology. Information is available here - Government Paperwork Elimination Act 
PrivaSign complies with the following procedures and guidance provided by The Office of Management and Budget
Policies and Procedures - Part 1 Sec 1 (Sections 1703 and 1705 of GPEA) - Current, industry-standard technologies (a/b/c) and remain cost effective (e). It is required that the files be encrypted during transmission as required by sub-section (e) and provide file integrity hashes to verify that the electronic records are preserved as detailed in sub-section (d).
By allowing the signed files to be stored on local networks, eSign processes can allow Agencies to comply with storage aspects of Sections 2 and 3.
The definition of electronic signature as described in Part I Sec 2(a)A:
(A) identifies and authenticates a particular person as the source of the electronic message; and
(B) indicates such person's approval of the information contained in the electronic message." (GPEA, section 1709(1)).