PORKER OF THE WEEK AWARD From the Congressional Record Online via GPO Access

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To the researchers check out the Government Printing Office.
More Y2K stuff from the US Government than you can ever read.

This is the best information source I have ever seen. I will post more later on this.

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[Congressional Record: July 27, 1999 (House)]
[Page H6432]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]
[DOCID:cr27jy99-51]

 WAIS Document Retrieval

And a gift to the pollys :o) I just loved this.

                        PORKER OF THE WEEK AWARD

  (Mr. HEFLEY asked and was given permission to address the House.)
  Mr. HEFLEY. Mr. Speaker, to prevent potential catastrophic nationwide
computer meltdown, the Securities and Exchange Commission, or the SEC,
is fighting brokers and firms to ensure that their computers actually
read ``00'' as of January 1 of 2000.
  Recently an 87-year-old broker who has spent 50 years in the
investment business was fined $5,000 for not being Y2K compliant. There
is only one problem. This particular gentleman does not own a computer.
His operation is so small, he does not actually sell them mutual funds;
he just gives advice. He never touches any money at all.
  Mr. Speaker, that has not stopped the SEC from demanding a yearly
audit of his firm which costs him another $5,000. He went ahead, and he
paid the original Y2K fine because he could not afford the money to
fight the bureaucracy.
  He will not be without a computer for long, however. New SEC
regulations insist that all brokers have a computer so they can receive
e-mail notices from the agencies.
  Here we have a legitimate businessman being harassed and intimidated
by his own government agency paid for by his own tax dollars.
Outrageous. It is inexcusable and a waste of taxpayers' time and money.
  The Securities and Exchange Commission gets my porker of the week
award and my disgust.

-- Brian (imager@home.com), August 31, 1999

Answers

Thanks Brian,

Will spend some time GPO digging a bit later. (Started to once, but then got side-tracked).

The below GAO PDF file link on the SBA Small Business Administration was just made available... havent read it yet.

Diane

(BTW, Glad you Canucks can find the U.S. hidden info treasures! What would we DO without you Brian?)

;-D

Year 2000 Computing Challenge: SBA Needs to Strengthen Systems Testing to Ensure Readiness. AIMD-99-265. 9 pp. plus 3 appendices (33 pp.) August 27, 1999.

http:// www.gao.gov/new.items/ai99265.pdf



-- Diane J. Squire (sacredspaces@yahoo.com), August 31, 1999.


An 87-year old guy HAS TO be online to receive their messages?????? Grrrrrr.

-- Mara Wayne (MaraWayne@aol.com), August 31, 1999.

...He will not be without a computer for long, however. New SEC regulations insist that all brokers have a computer so they can receive e-mail notices from the agencies.

Doesn't need a computer. If the requirement is just to be able to receive e-mail, WebTV would only cost him about $150-$250, plus monthly fees.

Surprised that SEC doesn't also use a Fax service to send the notices. Using a mailbot and a Fax server, they'd probably have everyone covered in a very cost-effective way.

-- Mac (sneak@lurk.hid), August 31, 1999.


Wait...

SEC. Federal government.

I proposed something simple and cost-effective.

Sorry. My mistake. 8-}]

-- Mac (sneak@lurk.hid), August 31, 1999.


LOL Mac!

-- Diane J. Squire (sacredspaces@yahoo.com), August 31, 1999.


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