the Y2K problem should not be underestimated. Before the session began, Senator McCain and I committed to working on legislation that will allow entities to focus their efforts on remediation and prevent unproductive litigation. We have solicited and obtained input from sources representing both potential plaintiffs and potential defendants in Y2K actions. We want to continue listening and working on this issue, but do not have much time--the countdown had begun. The draft measure that we are putting on the record today reflects principally the measure proposed by a large coalition of business groups including the Chamber of Commerce, the National Association of Manufacturers, the National Federation of Independent Business, and many others. The draft will, I hope, invite more feedback, and focus the efforts of all interested parties. I invite our colleagues and all interested parties to continue to provide us with comments and suggestions so that we can improve the measure before it is marked up by the Commerce Committee on March 3.
Editor's note · Context
Discussing the urgency of addressing the Y2K problem and proposed legislation to mitigate litigation.
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