Benchmark Replacements for the London Interbank Offered Rate
Summary
Benchmark Replacements for the London Interbank Offered Rate; Requiring that recommended benchmark replacements selected or recommended by specified persons be benchmark replacements on the United States dollar London Interbank Offered Rate (LIBOR) replacement date for certain contracts, securities, and instruments; authorizing specified persons to select benchmark replacements under certain circumstances; requiring benchmark replacement conforming changes to become an integral part of contracts, securities, and instruments under certain circumstances; providing that a person is not liable for damages and is not subject to claims and requests for equitable relief under certain circumstances, etc.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2022
Committee Review
Feb 2022
Senate Passage
Mar 2022
House Passage
Governor
Introduced Jan 11, 2022
Last action Mar 2, 2022
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
20
Key actions
7
Committee
7
Mar 2, 2022
Upper · Passed
Laid on Table, companion bill(s) passed, see CS/HB 925 (Ch. 2022-57)
upper
Feb 15, 2022
Upper · Passed
Favorable by- Rules; YEAS 17 NAYS 0
upper
Feb 11, 2022
Upper · Passed
On Committee agenda-- Rules, 02/15/22, 10:00 am, 412 Knott Building
upper
Feb 8, 2022
Upper · Passed
Pending reference review under Rule 4.7(2) - (Committee Substitute)
upper
Feb 2, 2022
Upper · Passed
On Committee agenda-- Commerce and Tourism, 02/07/22, 2:30 pm, 110 Senate Building
upper
Feb 2, 2022
Upper · Passed
Favorable by Banking and Insurance; YEAS 11 NAYS 0
upper
Jan 28, 2022
Upper · Passed
On Committee agenda-- Banking and Insurance, 02/02/22, 8:30 am, 412 Knott Building
upper
Jan 11, 2022
Introduced
Introduced
upper
Jan 5, 2022
Committee
Referred to Banking and Insurance; Commerce and Tourism; Rules
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Joe Gruters
RRepublican
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