Bill Summary

HB 639 Benchmark Replacements for London Interbank Offered Rate (2022 Session)
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Sponsors
by Stevenson
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Summary
Benchmark Replacements for London Interbank Offered Rate: Requires recommended benchmark replacements selected by specified persons be benchmark replacements on U.S. Dollar London Interbank Offered Rate (LIBOR) replacement date for contracts, securities, & instruments for business organizations, Florida Insurance Code, financial institutions, Uniform Commercial Code, real & personal property conveyance of land & declarations of trust, & real & personal property mortgages; authorizes specified persons to select recommended benchmark replacements; provides requirements for benchmark replacements; provides person is not liable for damages & is not subject to claims & requests for equitable relief. Effective Date: upon becoming a law
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committees of reference
   H Insurance & Banking Subcommittee
   H Civil Justice & Property Rights Subcommittee
   H Commerce Committee
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Actions
11/17/21
HOUSE 
Filed
12/06/21
HOUSE 
Referred to Insurance & Banking Subcommittee; Civil Justice & Property Rights Subcommittee; Commerce Committee
12/06/21
HOUSE 
Now in Insurance & Banking Subcommittee
12/15/21
HOUSE 
Withdrawn prior to introduction
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bill text & filed amendments
0639
Filed on 11/17/21
PDF
No amendments to this bill text filed.
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Statute Citations
607.01305
624.103
655.0135
671.1075
689.0705
697.015
Research & Reports
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