White House Would Veto McCain Y2K Litigation Billgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread |
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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."
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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.
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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 (zzz@z.z), April 28, 1999
Of course. One of Bill Clinton's main financial backers is the legal industry.
-- a (a@a.a), 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 (savvydad@aol.com), April 28, 1999.