Warding off the millennium bug: A survey of 1998's Y2K solutions

As remediation and litigation expenses mount, legislators and regulators have attempted to address the year 2000 problem through passage of laws and issuance of statements regarding year 2000 disclosures, liability, and assistance. The year 2000 initiatives undertaken in 1998 are categorized and discussed, concluding that the most significant actions were passage of the Year 2000 Information and Readiness Disclosure Act and the SEC's issuance of a statement requiring public disclosure of certain year 2000 issues. For those who become involved in Y2K disputes or litigation, this should be useful in canvassing the legislation and laws that may impact the outcome of such actions.