White House Would Veto McCain Y2K Litigation Billgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
The White House in its statement on McCain's bill said that it "will not enhance readiness, and may decrease incentives of organizations to bring products and services into compliance; and it will substantially modify the procedural law of the 50 states by imposing new pleading requirements and requiring almost all Y2K class actions to use federal certification standards."
McCain, Sen. Orrin Hatch, R-Utah and several other members claim that a litigation bill is necessary to stop the spread of frivolous Year 2000 lawsuits. They say that too many businesses can be hurt significantly by a surfeit of legal action, and that such action could freeze up the court system under billions of dollars' worth of lawsuits.
Hollings and other detractors of the bill say the 90-day waiting period could sink small businesses that have been adversely affected because of Year 2000-related difficulties.
-- regular (firstname.lastname@example.org), April 28, 1999
Of course. One of Bill Clinton's main financial backers is the legal industry.
-- a (email@example.com), April 28, 1999.
Which is also why Bill won't pan any Y2K movies. Like Al Gore, he'll come out of it talking about how much he liked the movie.
-- Brett (firstname.lastname@example.org), April 28, 1999.