Year 2000 Preparedness Act of 1998

[AI summary unavailable — showing source text] Year 2000 Preparedness Act of 1998 - Directs the President to provide for the acceleration of the development of business continuity plans by Federal agencies to ensure the uninterrupted delivery by those agencies of critical mission-related services. (Sec. 4) Expresses the sense of the Congress that the President should: (1) aggressively promote Year 2000 date change awareness for information technology systems and sensitive infrastructure applications; and (2) authorize the Chairperson of the Year 2000 Conversion Council to take control of any critical Federal agency system that is in jeopardy of not meeting the January 1, 2000, deadline with respect to the Year 2000 computer problem (Y2K problem). (Sec. 5) Requires the Director of the Office of Management and Budget (OMB) to: (1) transmit to the Congress monthly reports assessing critical Federal information systems that will not, or may not, meet the Y2K problem deadline and the anticipated consequences of those failures; and (2) establish additional reporting criteria for areas such as embedded systems and external data exchange. (Sec. 6) Requires all Federal agency reports to OMB relating to the Y2K problem to be concurrently…