The challenges posed by the Y2K problem are numerous and daunting. The Committee conducted extensive research and held numerous hearings in 1999, but still cannot conclusively determine how extensive Y2K disruptions will be. However, the Committee has no data to suggest that the U.S. will experience nation-wide social or economic collapse. Disruptions will occur and in some cases those disruptions will be significant. The international situation will certainly be more tumultuous.
Preparation is prudent.
Y2K has the potential to be very disruptive, necessitating continued, intensive preparation in the time remaining. Y2K risk management efforts must be increased to avert serious disruptions. Concerns remain in health care, local governments, small business, and education. Many projected Y2K readiness deadlines are dangerously late. State and local governments represent the first line of defense in emergency situations, and emergency planning varies widely at these levels.