Legislative Background
Recent Action on Y2K Legislation
With concerns growing in government and business about potentialinterruptions in the flow of commerce and the delivery of publicservices resulting from the year 2000 technology glitch, a numberof bills have been introduced in Congress to address such problems.Some of these would establish standards of legal liability andrules limiting the nature and amount of monetary damages thatcould be awarded in year 2000 civil actions.105th CongressIn 1998, Congress passed the Year 2000 Information and ReadinessDisclosure Act (Public Law 105-271), after determining that fearof legal liability was discouraging business partners from disclosingtheir systems’ degree of readiness for the date change. The lawwas designed…
