A 164

  • New York Assembly Bill
  • 2021 Regular Session
  • Introduced in Assembly
  • Passed Assembly Mar 24, 2021
  • Passed Senate Mar 24, 2021
  • Signed by Governor Apr 06, 2021

Relates relation to the discontinuance of the London interbank offered rate

Abstract

Enacts provisions relating to the discontinuance of LIBOR (the London interbank offered rate); prohibits parties from refusing to perform contractual obligations or declaring a breach of contract as a result of the discontinuance of LIBOR or the use of a replacement; establishes that the replacement is a commercially reasonable substitute for and a commercially substantial equivalent to LIBOR; provides a safe harbor from litigation for the use of the recommended benchmark replacement.

Bill Sponsors (4)

Votes


Actions


Apr 06, 2021

Assembly

SIGNED CHAP.94

Apr 01, 2021

Assembly

DELIVERED TO GOVERNOR

Mar 24, 2021

Assembly

PASSED ASSEMBLY

Senate

REFERRED TO JUDICIARY

Senate

SUBSTITUTED FOR S297B

Senate

3RD READING CAL.523

Senate

PASSED SENATE

Senate

RETURNED TO ASSEMBLY

Assembly

REPORTED REFERRED TO RULES

Assembly

REPORTED

Assembly

RULES REPORT CAL.43

Assembly

ORDERED TO THIRD READING RULES CAL.43

Assembly

DELIVERED TO SENATE

Mar 11, 2021

Assembly

AMEND AND RECOMMIT TO JUDICIARY

Assembly

PRINT NUMBER 164B

Mar 09, 2021

Assembly

AMEND (T) AND RECOMMIT TO JUDICIARY

Assembly

PRINT NUMBER 164A

Jan 06, 2021

Assembly

REFERRED TO JUDICIARY

Bill Text

Bill Text Versions Format
A164 PDF HTML
A164A PDF
A164B PDF

Related Documents

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Sources

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