SAN JOSE, Calif.-U.S. chip manufacturers endorsed a compromise legislative plan regarding Year 2000 disclosure issues that provides liability protection to encourage businesses to share problem-solving information about Y2K problems and solutions, the Semiconductor Industry Association said.
The bill enables companies to disclose technical information about solutions for millennium bugs to other companies without having to worry about being sued for doing so.
SIA and 39 other business groups in a letter to Senate Judiciary Committee Chairman, Sen. Orrin Hatch (R-Utah) urged the legislature and the administration to approve the measure before Congress adjourns.
“It is clear that Congress cannot legislate a solution to Y2K,” said Sen. Bob Bennett (R-Utah), a cosponsor of the bill. “But Congress can give industry the tools they need to share Y2K information-technical information that is critical to solving Y2K problems.
“Without question, this legislative compromise is essential to the continued economic well-being and security of our nation.”
