Capital Briefs: Bill Would Require Year-2000 Disclosures

Sen. Robert F. Bennett, R-Utah, introduced a bill Monday that would require publicly traded companies to disclose how much they will spend to fix the year-2000 glitches in their computer systems.

The companies also would have to tell investors about anticipated costs to defend customer or shareholder lawsuits sparked by year-2000 problems; contingency plans for computer breakdowns; and insurance coverage in case of business disruptions.