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The Florida Senate

SB 1246: Benchmark Replacements for London Interbank Offered Rate

GENERAL BILL by Gruters

Benchmark Replacements for 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 that benchmark replacement conforming changes 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.

Effective Date: Upon becoming a law
Last Action: 1/11/2022 Senate - Introduced -SJ 83
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Rules (RC)



Bill History

Date Chamber Action
12/14/2021 Senate • Filed
1/5/2022 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules -SJ 83
1/11/2022 Senate • Introduced -SJ 83