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A00164 Summary:

BILL NOA00164B
 
SAME ASSAME AS S00297-B
 
SPONSORZebrowski
 
COSPNSRMcDonald, Griffin, Rajkumar
 
MLTSPNSR
 
Add Art 18-C §§18-400 - 18-403, Gen Ob L
 
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.
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A00164 Actions:

BILL NOA00164B
 
01/06/2021referred to judiciary
03/09/2021amend (t) and recommit to judiciary
03/09/2021print number 164a
03/11/2021amend and recommit to judiciary
03/11/2021print number 164b
03/24/2021reported referred to rules
03/24/2021reported
03/24/2021rules report cal.43
03/24/2021ordered to third reading rules cal.43
03/24/2021passed assembly
03/24/2021delivered to senate
03/24/2021REFERRED TO JUDICIARY
03/24/2021SUBSTITUTED FOR S297B
03/24/20213RD READING CAL.523
03/24/2021PASSED SENATE
03/24/2021RETURNED TO ASSEMBLY
04/01/2021delivered to governor
04/06/2021signed chap.94
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