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Y2K problem

the effects of year 2000 processing failure. Specifies exclusions from this Act. Makes this Act applicable to: (1) year 2000 statements made on or after July 14, 1998, through July 14, 2001; and (2) year 2000 readiness disclosures made after the date of enactment of this Act through July 14, 2001. Provides for the treatment of previously made readiness disclosures, with exceptions. Authorizes the President's Year 2000 Council to establish and terminate working groups composed of Federal employees who will engage outside organizations in discussions to address Y2K problems and to share information related to year 2000 readiness. Requires the Council to maintain and make available a printed and electronic list of such working groups, as well as a point of contact for each group. Terminates such authority on December 31, 2000. Directs the Administrator of General Services to create, maintain, and promote, until July 14, 2002, a national year 2000 website to assist consumers, small business, and local governments in obtaining information about year 2000 processing of computers, systems, products, and services. Requires a website planning report from the Administrator to specified congressional committees. What kinds of things can be affected by the Y2K bug?Any equipment, machines, devices, and processes that are controlled by computers, computer software or embedded systems (e.g., microchips, microprocessors) that are not Y2K-compliant are susceptible to the Y2K bug. Malfunction of these devices and other things may cause accidents, injuries, or damage to property or equipment if computers, software, or embedded systems cause the machines or equipment to fail, stop, or start unexpectedly.Here are some examples of software and equipment that should be investigated:a) Computing hardware and software centrally-supported server applications  customized software applications  hazard communication databases  ma...

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