HB 925 is sponsored by Insurance and Banking Subcommittee, Stevenson, and Smith, David (Republican).

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Florida 2022 Regular Session Status: Enacted 1 R cosponsors

HB 925 — Benchmark Replacements for London Interbank Offered Rate

Last action April 08, 2022 — Chapter No. 2022-57

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✓
Introduced
✓
In Committee
✓
Passed House
✓
Passed Senate
✓
To Executive
6
Enacted

This bill has been enacted into law. Introduced December 15, 2021. Enacted.

Prognosis

Likely to advance 76% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

Enacted

Current position in the legislative process.
3 sponsors

2 primary, 1 co-sponsors signed on.
Single-party support

Sponsorship is currently within one party (1 R).
Cleared a recorded vote

Passed 5 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Benchmark Replacements for London Interbank Offered Rate; Requires recommended benchmark replacements selected or recommended by specified persons be benchmark replacements on United States dollar London Interbank Offered Rate (LIBOR) replacement date for contracts, securities, & instruments; requires fallback provisions in contracts, securities, & instruments providing specified benchmark replacements be disregarded & void; authorizes specified persons to select benchmark replacements; requires benchmark replacement conforming changes to become integral part of contracts, securities, & instruments; provides person is not liable for damages & is not subject to claims & requests for equitable relief under certain circumstances.

Bill Text

What changed in the latest version

29 added · 43 removed

29 line(s) added, 43 removed.

F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 2A bill to be entitled An act relating to benchmark replacements for London Interbank Offered Rate;

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 nature;

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 securities, and instruments and the parties thereto, so that these contracts, securities, and instruments may remain viable and continue to be enforceable in the state.

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 security, or instrument or is insufficient to allow administration and calculation of the recommended benchmark replacement, the benchmark replacement conforming change may include other changes, alterations, or modifications that, in the reasonable judgment of the calculating person:

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 contract, security, or instrument, the following persons in decreasing order of priority:

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 calculation or determination of benchmark rates.

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 discontinuance event with respect to a contract, security, or instrument that:

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 a.

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 (n) "SOFR" means, with respect to any day, the secured overnight financing rate published for the day by the Federal Reserve Bank of New York as the administrator of the benchmark, or a successor administrator, on the Federal Reserve Bank of New York's website.

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 1.

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 commercially substantial equivalent to LIBOR.

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 contract, security, or instrument;

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 enforceability of any of the following:

~~hb0925-02-er~~hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~2022 subsection (5) as to which a determining person does not elect to use a recommended benchmark replacement or as to which a determining person elects to use a recommended benchmark replacement before the occurrence of a LIBOR discontinuance event.

~~hb0925-02-er~~hb0925-01-c1

Latest

F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ 2 An act relating to benchmark replacements for London Interbank Offered Rate;

F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 A bill to be entitled An act relating to benchmark replacements for London Interbank Offered Rate;

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ nature;

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 nature;

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ securities, and instruments and the parties thereto, so that these contracts, securities, and instruments may remain viable and continue to be enforceable in the state.

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 securities, and instruments and the parties thereto, so that these contracts, securities, and instruments may remain viable and continue to be enforceable in the state.

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ security, or instrument or is insufficient to allow administration and calculation of the recommended benchmark replacement, the benchmark replacement conforming change may include other changes, alterations, or modifications that, in the reasonable judgment of the calculating person:

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 security, or instrument or is insufficient to allow administration and calculation of the recommended benchmark replacement, the benchmark replacement conforming change may include other changes, alterations, or modifications that, in the reasonable judgment of the calculating person:

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ contract, security, or instrument, the following persons in decreasing order of priority:

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 contract, security, or instrument, the following persons in decreasing order of priority:

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ calculation or determination of benchmark rates.

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 calculation or determination of benchmark rates.

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ discontinuance event with respect to a contract, security, or instrument that:

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 discontinuance event with respect to a contract, security, or instrument that:

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ a.

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 a.

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ (n) "SOFR" means, with respect to any day, the secured overnight financing rate published for the day by the Federal Reserve Bank of New York as the administrator of the benchmark, or a successor administrator, on the Federal Reserve Bank of New York's website.

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 (n) "SOFR" means, with respect to any day, the secured overnight financing rate published for the day by the Federal Reserve Bank of New York as the administrator of the benchmark, or a successor administrator, on the Federal Reserve Bank of New York's website.

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ 1.

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 1.

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ commercially substantial equivalent to LIBOR.

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 commercially substantial equivalent to LIBOR.

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ contract, security, or instrument;

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 contract, security, or instrument;

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ enforceability of any of the following:

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 enforceability of any of the following:

~~hb0925-02-er~~ F L O R I D A H O U S E O F R E P R E S E N T A T I V E S ~~ENROLLED~~ CS/HB925 ~~2022Legislature~~ subsection (5) as to which a determining person does not elect to use a recommended benchmark replacement or as to which a determining person elects to use a recommended benchmark replacement before the occurrence of a LIBOR discontinuance event.

hb0925-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB925 2022 subsection (5) as to which a determining person does not elect to use a recommended benchmark replacement or as to which a determining person elects to use a recommended benchmark replacement before the occurrence of a LIBOR discontinuance event.

~~hb0925-02-er~~

hb0925-01-c1

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Introduced H 925 Filed pdf

Action History

April 08, 2022
Chapter No. 2022-57
April 06, 2022
Approved by Governor
March 28, 2022
Signed by Officers and presented to Governor
March 02, 2022
Ordered enrolled
March 02, 2022
In Messages
March 02, 2022
CS passed; YEAS 38 NAYS 0
March 02, 2022
Read 3rd time
March 02, 2022
Read 2nd time
March 02, 2022
Substituted for CS/SB 1246
March 02, 2022
Placed on Calendar, on 2nd reading
March 02, 2022
Withdrawn from Rules
February 28, 2022
Received
February 24, 2022
Referred to Rules
February 24, 2022
In Messages
February 24, 2022
Immediately certified
February 24, 2022
CS passed; YEAS 114, NAYS 0
February 24, 2022
Read 3rd time
February 22, 2022
Added to Third Reading Calendar
February 22, 2022
Placed on 3rd reading
February 22, 2022
Read 2nd time
February 17, 2022
Bill added to Special Order Calendar (2/22/2022)
February 01, 2022
Added to Second Reading Calendar
February 01, 2022
Bill released to House Calendar
February 01, 2022
Reported out of Commerce Committee
February 01, 2022
Favorable by Commerce Committee
January 28, 2022
Added to Commerce Committee agenda
January 27, 2022
Now in Commerce Committee
January 27, 2022
Reported out of Civil Justice & Property Rights Subcommittee
January 27, 2022
Favorable by Civil Justice & Property Rights Subcommittee
January 25, 2022
Added to Civil Justice & Property Rights Subcommittee agenda
January 18, 2022
Now in Civil Justice & Property Rights Subcommittee
January 18, 2022
Referred to Commerce Committee
January 18, 2022
Referred to Civil Justice & Property Rights Subcommittee
January 18, 2022
1st Reading (Committee Substitute 1)
January 14, 2022
CS Filed
January 14, 2022
Laid on Table under Rule 7.18(a)
January 14, 2022
Reported out of Insurance & Banking Subcommittee
January 13, 2022
Favorable with CS by Insurance & Banking Subcommittee
January 11, 2022
1st Reading (Original Filed Version)
January 11, 2022
Added to Insurance & Banking Subcommittee agenda
January 03, 2022
Now in Insurance & Banking Subcommittee
January 03, 2022
Referred to Commerce Committee
January 03, 2022
Referred to Civil Justice & Property Rights Subcommittee
January 03, 2022
Referred to Insurance & Banking Subcommittee
December 15, 2021
Filed

Sponsorship breakdown

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2 sponsors · 1 co-sponsors · 161 not signed on

Sponsors (2)

Insurance and Banking Subcommittee
Stevenson

Co-sponsors (1)

Smith, David Republican

Not signed on (161)

161 members have not signed on to this bill.

Show all 161 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

March 02, 2022

Passed 38 Yea · 0 Nay · 1 Other

Party	Yea	Nay	Present	Not Voting
Republican	13	0	0	0
Unaffiliated	20	0	0	1
Democrat	4	0	0	0
No Party Affiliation	1	0	0	0
Total	38	0	0	1
% of votes cast	97%	0%	0%	3%

How each member voted (39)

Member	Party	Vote
Diaz	—	Yea
Ausley	—	Yea
Farmer	—	Yea
Powell	—	Yea
Baxley	—	Yea
Gainer	—	Yea
Rodrigues	—	Yea
Bean	—	Yea
Gibson	—	Yea
Book	—	Yea
Stargel	—	Yea
Stewart	—	Yea
Bracy	—	Yea
Hutson	—	Yea
Torres	—	Yea
Brandes	—	Yea
Simpson	—	Yea
Broxson	—	Yea
Perry	—	Yea
Cruz	—	Yea
Taddeo	—	Not Voting
Berman, Lori	Democrat	Yea
Jones, Shevrin D. "Shev"	Democrat	Yea
Polsky, Tina Scott	Democrat	Yea
Rouson, Darryl Ervin	Democrat	Yea
Pizzo, Jason W. B.	No Party Affiliation	Yea
Albritton, Ben	Republican	Yea
Boyd, Jim	Republican	Yea
Bradley, Jennifer	Republican	Yea
Brodeur, Jason	Republican	Yea
Burgess, Danny	Republican	Yea
Garcia, Ileana	Republican	Yea
Gruters, Joe	Republican	Yea
Harrell, Gayle	Republican	Yea
Hooper, Ed	Republican	Yea
Mayfield, Debbie	Republican	Yea
Passidomo, Kathleen	Republican	Yea
Rodriguez, Ana Maria	Republican	Yea
Wright, Tom A.	Republican	Yea

Passage, Third Reading

February 24, 2022

Passed 114 Yea · 0 Nay · 5 Other

Party	Yea	Nay	Present	Not Voting
Republican	42	0	0	4
Unaffiliated	51	0	0	1
Democrat	21	0	0	0
Total	114	0	0	5
% of votes cast	96%	0%	0%	4%

How each member voted (119)

Member	Party	Vote
Brown	—	Yea
Ingoglia	—	Yea
Silvers	—	Yea
Jenne	—	Yea
Bush	—	Yea
Killebrew	—	Yea
Slosberg-King	—	Yea
Byrd	—	Yea
Caruso	—	Yea
Latvala	—	Yea
Casello	—	Yea
Learned	—	Yea
Sprowls	—	Yea
Stevenson	—	Yea
Clemons	—	Yea
Mariano	—	Yea
Toledo	—	Yea
Tomkow	—	Yea
Diamond	—	Yea
Alexander	—	Yea
Drake	—	Yea
McCurdy	—	Yea
Aloupis	—	Yea
Geller	—	Yea
Duran	—	Yea
Willhite	—	Yea
Morales	—	Yea
Williams	—	Yea
Williamson	—	Yea
Fernandez-Barquin	—	Yea
Omphroy	—	Yea
Fetterhoff	—	Yea
Fine	—	Yea
Payne	—	Yea
Zika	—	Yea
Fischer	—	Yea
Hage	—	Not Voting
Altman	—	Yea
Goff-Marcil	—	Yea
Renner	—	Yea
Grant	—	Yea
Roach	—	Yea
Bell	—	Yea
Grieco	—	Yea
Beltran	—	Yea
Benjamin	—	Yea
Harding	—	Yea
Rommel	—	Yea
Roth	—	Yea
Hawkins	—	Yea
Sabatini	—	Yea
Thompson, Geraldine F. "Geri"	—	Yea
Arrington, Kristen Aston	Democrat	Yea
Bartleman, Robin	Democrat	Yea
Campbell, Daryl	Democrat	Yea
Chambliss, Kevin D.	Democrat	Yea
Daley, Dan	Democrat	Yea
Davis, Tracie	Democrat	Yea
Driskell, Fentrice	Democrat	Yea
Eskamani, Dr. Anna V.	Democrat	Yea
Gottlieb, Michael "Mike"	Democrat	Yea
Gregory, Emily	Democrat	Yea
Hart-Lowman, Dianne "Ms Dee"	Democrat	Yea
Hinson, Yvonne Hayes	Democrat	Yea
Hunschofsky, Christine	Democrat	Yea
Joseph, Dotie	Democrat	Yea
Nixon, Angela "Angie"	Democrat	Yea
Rayner, Michele K.	Democrat	Yea
Robinson, Felicia Simone	Democrat	Yea
Skidmore, Kelly	Democrat	Yea
Smith, Carlos Guillermo	Democrat	Yea
Tant, Allison	Democrat	Yea
Woodson, Marie Paule	Democrat	Yea
Andrade, Robert Alexander "Alex"	Republican	Yea
Barnaby, Webster	Republican	Yea
Borrero, David	Republican	Yea
Botana, Adam	Republican	Yea
Brannan III, Robert Charles "Chuck"	Republican	Yea
Buchanan, James	Republican	Yea
Burton, Colleen	Republican	Yea
Busatta, Demi	Republican	Yea
Chaney, Linda	Republican	Yea
DiCeglie, Nick	Republican	Yea
Duggan, Wyman	Republican	Yea
Fabricio, Tom	Republican	Yea
Garrison, Sam	Republican	Yea
Giallombardo, Mike	Republican	Yea
Grall, Erin	Republican	Yea
Koster, Traci	Republican	Yea
LaMarca, Chip	Republican	Yea
Leek, Thomas J. "Tom"	Republican	Yea
Maggard, Randall Scott "Randy"	Republican	Yea
Maney, Patt	Republican	Yea
Massullo, Ralph E., Jr.	Republican	Yea
McClain, Stan	Republican	Yea
McClure, Lawrence	Republican	Yea
McFarland, Fiona	Republican	Yea
Melo, Lauren	Republican	Not Voting
Mooney Jr., James Vernon "Jim"	Republican	Yea
Overdorf, Tobin Rogers "Toby"	Republican	Yea
Perez, Daniel	Republican	Yea
Persons-Mulicka, Jenna	Republican	Yea
Plakon, Rachel Saunders	Republican	Yea
Plasencia, Susan	Republican	Not Voting
Rizo, Alex	Republican	Yea
Robinson Jr., William Cloud "Will"	Republican	Yea
Rodriguez, Ana Maria	Republican	Not Voting
Salzman, Michelle	Republican	Yea
Shoaf, Jason	Republican	Yea
Sirois, Tyler I.	Republican	Yea
Smith, David	Republican	Yea
Snyder, John	Republican	Yea
Trabulsy, Dana	Republican	Not Voting
Truenow, Keith L.	Republican	Yea
Trumbull, Jay	Republican	Yea
Tuck, Kaylee	Republican	Yea
Vacant	Republican	Yea
Valdés, Susan L.	Republican	Yea
Yarborough, Clay	Republican	Yea

Favorable (Commerce Committee)

February 01, 2022

Passed 20 Yea · 0 Nay · 4 Other

Party	Yea	Nay	Present	Not Voting
Republican	7	0	0	2
Unaffiliated	11	0	0	1
Democrat	2	0	0	0
Total	20	0	0	3
% of votes cast	87%	0%	0%	13%

How each member voted (23)

Member	Party	Vote
Clemons	—	Yea
Drake	—	Yea
Geller	—	Yea
Grieco	—	Yea
Hage	—	Yea
Ingoglia	—	Yea
Latvala	—	Not Voting
Rommel	—	Yea
Silvers	—	Yea
Tomkow	—	Yea
Willhite	—	Yea
Thompson, Geraldine F. "Geri"	—	Yea
Daley, Dan	Democrat	Yea
Nixon, Angela "Angie"	Democrat	Yea
Barnaby, Webster	Republican	Not Voting
DiCeglie, Nick	Republican	Yea
Fabricio, Tom	Republican	Yea
Maggard, Randall Scott "Randy"	Republican	Yea
McClure, Lawrence	Republican	Not Voting
McFarland, Fiona	Republican	Yea
Plakon, Rachel Saunders	Republican	Yea
Plasencia, Susan	Republican	Yea
Shoaf, Jason	Republican	Yea

Favorable (Civil Justice & Property Rights Subcommittee)

January 27, 2022

Passed 16 Yea · 0 Nay · 2 Other

Party	Yea	Nay	Present	Not Voting
Unaffiliated	6	0	0	0
Republican	7	0	0	0
Democrat	3	0	0	2
Total	16	0	0	2
% of votes cast	89%	0%	0%	11%

How each member voted (18)

Member	Party	Vote
Aloupis	—	Yea
Beltran	—	Yea
Diamond	—	Yea
Fernandez-Barquin	—	Yea
Hawkins	—	Yea
Thompson, Geraldine F. "Geri"	—	Yea
Eskamani, Dr. Anna V.	Democrat	Yea
Gottlieb, Michael "Mike"	Democrat	Not Voting
Gregory, Emily	Democrat	Not Voting
Hinson, Yvonne Hayes	Democrat	Yea
Smith, Carlos Guillermo	Democrat	Yea
Botana, Adam	Republican	Yea
Buchanan, James	Republican	Yea
Duggan, Wyman	Republican	Yea
Garrison, Sam	Republican	Yea
Robinson Jr., William Cloud "Will"	Republican	Yea
Salzman, Michelle	Republican	Yea
Truenow, Keith L.	Republican	Yea

Favorable With Committee Substitute (Insurance & Banking Subcommittee)

January 13, 2022

Passed 15 Yea · 0 Nay · 2 Other

Party	Yea	Nay	Present	Not Voting
Republican	7	0	0	1
Unaffiliated	5	0	0	1
Democrat	3	0	0	0
Total	15	0	0	2
% of votes cast	88%	0%	0%	12%

How each member voted (17)

Member	Party	Vote
Brown	—	Yea
Fetterhoff	—	Yea
Hage	—	Yea
Toledo	—	Yea
Willhite	—	Not Voting
Zika	—	Yea
Driskell, Fentrice	Democrat	Yea
Rayner, Michele K.	Democrat	Yea
Tant, Allison	Democrat	Yea
Barnaby, Webster	Republican	Not Voting
DiCeglie, Nick	Republican	Yea
Fabricio, Tom	Republican	Yea
Giallombardo, Mike	Republican	Yea
Koster, Traci	Republican	Yea
Maggard, Randall Scott "Randy"	Republican	Yea
Smith, David	Republican	Yea
Snyder, John	Republican	Yea

Subjects

finance

Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 925 do?: Benchmark Replacements for London Interbank Offered Rate; Requires recommended benchmark replacements selected or recommended by specified persons be benchmark replacements on United States dollar London Interbank Offered Rate (LIBOR) replacement date for contracts, securities, & instruments; requires fallback provisions in contracts, securities, & instruments providing specified benchmark replacements be disregarded & void; authorizes specified persons to select benchmark replacements; requires benchmark replacement conforming changes to become integral part of contracts, securities, & instruments; provides person is not liable for damages & is not subject to claims & requests for equitable relief under certain circumstances.
Who sponsors HB 925?: HB 925 is sponsored by Insurance and Banking Subcommittee, Stevenson, and Smith, David (Republican).
What is the current status of HB 925?: This bill has been enacted into law. Introduced December 15, 2021. Enacted.
Where can I track HB 925?: Track HB 925 free on One Click Politics — get push/email alerts when it moves.

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At a glance

Identifier: HB 925
Jurisdiction: Florida
Session: 2022 Regular Session
Type: Bill
Introduced: December 15, 2021
Status: Enacted
Prime sponsor: Insurance and Banking Subcommittee

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Benchmark Replacements for London Interbank Offered Rate

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