the sweeping terms of the bill before us are not justified. Senator McCain's substitute, like the underlying bill, unfortunately, remains a wish list for special interests that are or might become involved in Y2K litigation. The broad liability limitations in the legislation risk rewarding irresponsible parties at the expense of the responsible and the innocent. That is not fair or responsible. I cannot support such one-sided legislation that restricts the rights of American consumers, small business owners and family farmers who seek redress for harms caused by Year 2000 computer problems. I remain open to continuing to work with interested members of the Senate on bipartisan, consensus legislation that would deter frivolous Y2K lawsuits and encourage responsible Y2K compliance. In my judgment, today's bill would more likely have the opposite effect. It proposes sweeping liability protection that will encourage more Y2K litigation and discourage curing Y2K problems. The right approach is to fix as many of these problems ahead of time as we can. Ultimately, the best defense against any Y2K-based lawsuit is to be Y2K compliant. Let me offer a few examples how this bill would restructure the laws of the 50 states and cause great harm to the nationwide effort to fix our Y2K computer problems in 1999. First, this bill provides special liability protection to directors and officers of companies involved in Y2K disputes. Why are we doing this?
Editor's note · Context
Opposing legislation related to liability protections in Y2K litigation.
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