Identification of the Y2K Problem
- Addresses the millennium bug (Year 2000 or Y2K problem) caused by the use of two-digit year formats in computer systems.
- The problem leads to the year 2000 being interpreted as 1900, causing potential system errors.
Nature of the Problem
- Highlights the serious problems that may occur in both computer software and hardware due to the Y2K bug.
Mandate for Government Entities
- Requires all covered entities to make their computer systems Y2K compliant on or before December 21, 1998.
Required Actions by Government Entities
- Conduct a comprehensive audit of their computer systems and applications to assess readiness for the Year 2000.
- Assess the potential impact if the Y2K problem persists.
- Undertake necessary precautionary and corrective measures to ensure internal readiness.
- Coordinate these efforts with the National Computer Center.
- Submit status reports to the Office of the President through the National Computer Center and the Presidential Management Staff.
Coordination and Reporting
- Emphasizes coordination with the National Computer Center for effective implementation.
- Reporting ensures monitoring and oversight from the Office of the President.
Effectivity
- The Memorandum Circular takes effect immediately upon issuance on July 31, 1998.