Political Quotes

“I think there is a need to try to come up with some legislation to minimize what could be runaway litigation in this Nation. There have already been some 80 lawsuits, many of them class action lawsuits, filed on the Y2K issue. We have been working for well over a year. We have had some 17 hearings in which we have invited various sectors of our economy --both private and public--to give their assessment of how the remediation efforts are progressing and the condition of our institutions. Both of us, I think, feel confident that things are progressing well, that we are not going to have as much of a problem as we thought a few months ago, but that there still could be difficulties. Y2K issues internationally may be a much greater problem than those here at home.”