Roll Call: NY A00164 | 2021-2022 | General Assembly
For additional roll call votes on New York A00164 please see the Vote List
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Passed) 2021-04-06 - signed chap.94 [A00164 Detail]
Text: Latest bill text (Amended) [HTML]
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Passed) 2021-04-06 - signed chap.94 [A00164 Detail]
Text: Latest bill text (Amended) [HTML]
Vote: Assembly Judiciary Committee: Favorable refer to committee Rules
| Vote | Tally | Democrat | Republican |
|---|---|---|---|
| Yea | 21 | 15 | 6 |
| Nay | - | - | - |
| Not Voting | - | - | - |
| Absent | - | - | - |
| TOTAL | 21 | 15 | 6 |
