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 Rules Committee: Favorable
Vote | Tally | Democrat | Republican |
---|---|---|---|
Yea | 28 | 20 | 8 |
Nay | - | - | - |
Not Voting | - | - | - |
Absent | 3 | 3 | - |
TOTAL | 31 | 23 | 8 |