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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: John Mansfield who wrote (2428)	8/20/1998 5:43:00 PM
From: O. H. Rundell	Read Replies (1) \| Respond to of 9818

John, Am I having another "senior moment", or weren't there supposed to be some important reports coming out in mid-August? Can't remember the details.... O. H.

To: John Mansfield who wrote (2428)	8/21/1998 2:57:00 AM
From: Ken Salaets	Read Replies (2) \| Respond to of 9818

>> Opposition to the bill, from the American Trial Lawyers Association and the Clinton administration will also hamper the bill's chances of getting passed quickly, said Dreier. "Some people out there are saying that the only thing that will drive the solution to this problem is the threat of a lawsuit," he said. "That's preposterous." Now this is one of the most intelligent and truly insightful observations that I have ever heard (or read) from a Member of Congress on this issue. Dreier's a good guy with a huge campaign war chest and no real election competition. In other words, no distractions. That, coupled with his high profile in the House (heir apparent to retiring Rep. Livingston's Rules Committee chairmanship, i.e., the House's gatekeeper), his desire to help business, and his overall ability to get the job done are why we approached him to introduce what is now HR 4455. Very capable staff as well. Why is it that politicians on both sides of the aisle can't understand that the survival of one's business is motivation enough for most companies to try to fix their Y2K problem?! By treating this whole matter as "business as usual" when it comes to litigation, Congress would force businesses to begin designating resources to defend against the inevitable frivolous and opportunistic lawsuits, resources that can be better spent working to fix the problem itself. For medium and small companies, Y2K is like a vice. On the one side they have the problem itself, and on the other, the lawyers looking to make a killing. This is NOT business as usual, and it certainly can't be solved by politics as usual. Ken