CS/HB 925 (2022) -  Benchmark Replacements for London Interbank Offered Rate

General Bill by Insurance & Banking Subcommittee and Stevenson (CO-SPONSORS) Smith
Benchmark Replacements for London Interbank Offered Rate: Requires recommended benchmark replacements selected or recommended by specified persons be benchmark replacements on United States dollar London Interbank Offered Rate (LIBOR) replacement date for contracts, securities, & instruments; requires fallback provisions in contracts, securities, & instruments providing specified benchmark replacements be disregarded & void; authorizes specified persons to select benchmark replacements; requires benchmark replacement conforming changes to become integral part of contracts, securities, & instruments; provides person is not liable for damages & is not subject to claims & requests for equitable relief under certain circumstances.
Effective Date: April 6, 2022
Last Event: Chapter No. 2022-57 on Friday, April 8, 2022 10:58 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 1246 Subject: Benchmark Replacements for the London Interbank Offered Rate Relationship: Identical
Bill #: HB 639 Subject: Benchmark Replacements for London Interbank Offered Rate Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 4/12/2022 11:59:59 AM
Chamber: House Committee: Final Bill Analysis 3/11/2022 4:28:36 PM
Chamber: House Committee: Commerce Committee 2/1/2022 6:14:37 PM
Chamber: House Committee: Commerce Committee 1/28/2022 4:19:53 PM
Chamber: House Committee: Civil Justice & Property Rights Subcommittee 1/27/2022 1:49:42 PM
Chamber: House Committee: Civil Justice & Property Rights Subcommittee 1/25/2022 3:16:58 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/14/2022 4:58:28 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/11/2022 4:12:33 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 02/24/2022 04:02 PM   Yeas: 114 Nays: 0 Action: Action 2: Passage Vote Detail: Vote [Seq# 594] Barcode:
Chamber: Senate Date: 03/02/2022 01:03 PM   Yeas: 38 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 14] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2022-57 Time: 04/08/2022 - 10:58 AM Member: Committee: Version: er
Event: Approved by Governor Time: 04/06/2022 - 7:34 PM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 03/28/2022 - 12:00 PM Member: Committee: Version: er
Event: H Ordered enrolled Time: 03/02/2022 - 1:23 PM Member: Committee: Version: c1
Event: H In Messages Time: 03/02/2022 - 1:23 PM Member: Committee: Version: c1
Event: S CS passed; YEAS 38 NAYS 0 -SJ 506 Time: 03/02/2022 - 1:04 PM Member: Committee: Version: c1
Event: S Read 3rd time -SJ 506 Time: 03/02/2022 - 1:03 PM Member: Committee: Version: c1
Event: S Read 2nd time -SJ 506 Time: 03/02/2022 - 1:03 PM Member: Committee: Version: c1
Event: S Substituted for CS/SB 1246 -SJ 506 Time: 03/02/2022 - 1:03 PM Member: Committee: Version: c1
Event: S Placed on Calendar, on 2nd reading Time: 03/02/2022 - 1:03 PM Member: Committee: Version: c1
Event: S Withdrawn from Rules -SJ 506 Time: 03/02/2022 - 1:03 PM Member: Committee: Rules Version: c1
Event: S Received -SJ 463 Time: 02/28/2022 - 3:59 PM Member: Committee: Version: c1
Event: S Referred to Rules -SJ 463 Time: 02/24/2022 - 5:47 PM Member: Committee: Rules Version: c1
Event: S In Messages Time: 02/24/2022 - 5:20 PM Member: Committee: Version: c1
Event: H Message sent to senate Time: 02/24/2022 - 5:10 PM Member: Committee: Version: c1
Event: H Immediately certified Time: 02/24/2022 - 4:40 PM Member: Committee: Version: c1
Event: H CS passed; YEAS 114, NAYS 0 Time: 02/24/2022 - 4:01 PM Member: Committee: Version: c1
Event: H Read 3rd time Time: 02/24/2022 - 4:01 PM Member: Committee: Version: c1
Event: H Added to Third Reading Calendar Time: 02/22/2022 - 8:22 PM Member: Committee: Version: c1
Event: H Placed on 3rd reading Time: 02/22/2022 - 7:58 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 02/22/2022 - 7:57 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (2/22/2022) Time: 02/17/2022 - 9:04 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 02/01/2022 - 6:18 PM Member: Committee: Version: c1
Event: H Bill released to House Calendar Time: 02/01/2022 - 6:18 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 02/01/2022 - 6:18 PM Member: Committee: Commerce Committee Version: c1
Event: H Favorable by Commerce Committee Time: 02/01/2022 - 5:14 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 01/28/2022 - 4:00 PM Member: Committee: Commerce Committee Version: c1
Event: H Now in Commerce Committee Time: 01/27/2022 - 1:49 PM Member: Committee: Commerce Committee Version: c1
Event: H Reported out of Civil Justice & Property Rights Subcommittee Time: 01/27/2022 - 1:49 PM Member: Committee: Civil Justice & Property Rights Subcommittee Version: c1
Event: H Favorable by Civil Justice & Property Rights Subcommittee Time: 01/27/2022 - 1:38 PM Member: Committee: Civil Justice & Property Rights Subcommittee Version: c1
Event: H Added to Civil Justice & Property Rights Subcommittee agenda Time: 01/25/2022 - 3:06 PM Member: Committee: Civil Justice & Property Rights Subcommittee Version: c1
Event: H Now in Civil Justice & Property Rights Subcommittee Time: 01/18/2022 - 6:10 PM Member: Committee: Civil Justice & Property Rights Subcommittee Version: c1
Event: H Referred to Commerce Committee Time: 01/18/2022 - 6:10 PM Member: Committee: Commerce Committee Version: c1
Event: H Referred to Civil Justice & Property Rights Subcommittee Time: 01/18/2022 - 6:10 PM Member: Committee: Civil Justice & Property Rights Subcommittee Version: c1
Event: H 1st Reading Time: 01/18/2022 - 5:46 PM Member: Committee: Version: c1
Event: H CS Filed Time: 01/14/2022 - 5:02 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 01/14/2022 - 5:02 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 01/14/2022 - 4:59 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 01/13/2022 - 4:36 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/11/2022 - 9:25 PM Member: Committee: Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 01/11/2022 - 3:46 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 01/03/2022 - 12:44 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 01/03/2022 - 12:44 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to Civil Justice & Property Rights Subcommittee Time: 01/03/2022 - 12:44 PM Member: Committee: Civil Justice & Property Rights Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 01/03/2022 - 12:44 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 12/15/2021 - 9:56 AM Member: Stevenson Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
687.15 CS/SB 1246