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.
Last Action: 1/11/2022 Senate - Introduced -SJ 83
Bill Text: Web Page | PDF
• Referred to Banking and Insurance; Commerce and Tourism; Rules -SJ 83
• Introduced -SJ 83
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