Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

Track This Bill

Glossary of Legislative Terms

CS/SB 1246: Benchmark Replacements for the London Interbank Offered Rate

GENERAL BILL by Commerce and Tourism ; Gruters

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.

Effective Date: Upon becoming a law
 Last Action: 3/2/2022 Senate - Laid on Table, companion bill(s) passed, see CS/HB 925 (Ch. 2022-57) -SJ 506
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Rules (RC)

View By Bill Version View By Category

Expand All Collapse All

  • 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
    1/28/2022 Senate • On Committee agenda-- Banking and Insurance, 02/02/22, 8:30 am, 412 Knott Building
    2/2/2022 Senate • Favorable by Banking and Insurance; YEAS 11 NAYS 0 -SJ 242
    • Now in Commerce and Tourism
    • On Committee agenda-- Commerce and Tourism, 02/07/22, 2:30 pm, 110 Senate Building
    2/7/2022 Senate • CS by Commerce and Tourism; YEAS 9 NAYS 0 -SJ 344
    2/8/2022 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    2/9/2022 Senate • CS by Commerce and Tourism read 1st time -SJ 350
    2/11/2022 Senate • Now in Rules
    • On Committee agenda-- Rules, 02/15/22, 10:00 am, 412 Knott Building
    2/15/2022 Senate • Favorable by- Rules; YEAS 17 NAYS 0 -SJ 370
    2/16/2022 Senate • Placed on Calendar, on 2nd reading
    2/17/2022 Senate • Placed on Special Order Calendar, 02/23/22 -SJ 451
    2/23/2022 Senate • Retained on Calendar
    2/28/2022 Senate • Placed on Special Order Calendar, 03/02/22 -SJ 521
    3/2/2022 Senate • Read 2nd time -SJ 505
    • Substituted CS/HB 925 -SJ 506
    • Laid on Table, companion bill(s) passed, see CS/HB 925 (Ch. 2022-57) -SJ 506

    Top of SectionTop of Page

  • CS/SB 1246, Committee Substitute 1 (Current Bill Version) Posted 2/8/2022 at 11:32 AM

    Bill Text:   Web Page | PDF
    Analyses:   Rules (Pre-Meeting) 2/14/2022 (pdf)
    Rules (Post-Meeting) 2/16/2022 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 925 (er) Benchmark Replacements for London Interbank Offered Rate Insurance and Banking Subcommittee Identical Last Action: 4/8/2022 Chapter No. 2022-57 Track This Bill
    H 639 Benchmark Replacements for London Interbank Offered Rate Stevenson Compare Last Action: 12/15/2021 H Withdrawn prior to introduction; companion bill(s) passed, see CS/HB 925 (Ch. 2022-57) Track This Bill

    Committee Votes (1)

    Date Committee Result
    2/15/2022 10:00 AM Rules 17 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    687.15 Page 2 (pdf)

    Top of SectionTop of Page

  • SB 1246, Original Filed Version Posted 12/14/2021 at 8:13 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 2/1/2022 (pdf)
    Banking and Insurance (Post-Meeting) 2/2/2022 (pdf)
    Commerce and Tourism (Pre-Meeting) 2/4/2022 (pdf)
    Commerce and Tourism (Post-Meeting) 2/8/2022 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 925 (c1) Benchmark Replacements for London Interbank Offered Rate Insurance and Banking Subcommittee Similar Last Action: 4/8/2022 Chapter No. 2022-57 Track This Bill
    H 639 Benchmark Replacements for London Interbank Offered Rate Stevenson Compare Last Action: 12/15/2021 H Withdrawn prior to introduction; companion bill(s) passed, see CS/HB 925 (Ch. 2022-57) Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    472536 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Gruters)     		2/1/2022
    8:18 AM     		Withdrawn
    2/1/2022     		Web Page
    PDF
    235134 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Commerce and Tourism
    (Gruters)     		2/4/2022
    2:08 PM     		Replaced by Committee Substitute
    2/8/2022     		Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    2/2/2022 8:30 AM Banking and Insurance 11 Yeas - 0 Nays
    2/7/2022 2:30 PM Commerce and Tourism 9 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    687.15 Page 2 (pdf)

    Top of SectionTop of Page