I rise to support the underlying McCain-Dodd-Wyden-Lieberman-Feinstein bill, because I believe this bill is a once in a millennium, 3-year law. Without it, I believe we could see the destruction or dismemberment of America's cutting-edge lead in technology. We all know that the year 2000 is rapidly approaching and with it there comes a wide variety of possible disruptions relating to the so-called Y2K problem. It is true, though, that no one really knows how big the problem will be or how small it will be, so government organizations, businesses large and small, and private individuals are all scrutinizing the area from their own particular perspective. The area that has received the most attention is concern over a possible flood of lawsuits that could clog courts and distract businesses from solving these problems early in the next millennium. Several well-known consultants and firms, including the Gartner Group, have established that Y2K litigation could quickly reach as high as $1 trillion.
Editor's note · Context
Supporting the McCain-Dodd-Wyden-Lieberman-Feinstein bill addressing Y2K litigation concerns.
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