---
type: "Bill"
title: "Benchmark Replacements for London Interbank Offered Rate"
description: "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."
jurisdiction: "us/states/fl"
legislature: "Florida Legislature"
session: "2022"
identifier: "HB 925"
citation: "Florida HB 925 (2022)"
classification: ["bill"]
subjects: ["commercial relations"]
status: "enacted"
chapter_law: "2022-57"
primary_sponsors: ["Stevenson"]
version_count: 3
action_count: 45
vote_count: 5
first_action: "2021-12-15"
last_action: "2022-04-08"
source: "openstates"
source_identifier: "ocd-bill/32cc900a-bd0c-4e4e-800f-d7ea0c126b84"
source_url: "https://flsenate.gov/Session/Bill/2022/925/ByCategory"
source_hash: "7f55bdf64e304ed39134ee68bc9c8bacd73dad6d9f0bd736ddb20b1670aca978"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-fl"]
---

# Florida HB 925 (2022) — Benchmark Replacements for London Interbank Offered Rate

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.

**Enacted** — Laws of Florida, Chapter 2022-57.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **H 925 Filed** (filed) — [source](https://flsenate.gov/Session/Bill/2022/925/BillText/Filed/PDF)
2. **H 925 c1** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2022/925/BillText/c1/PDF)
3. **H 925 er** (enrolled) — [source](https://flsenate.gov/Session/Bill/2022/925/BillText/er/PDF)

## Votes

- Favorable With Committee Substitute (Insurance & Banking Subcommittee) — **15–0** (pass) · lower
- Favorable (Civil Justice & Property Rights Subcommittee) — **16–0** (pass) · lower
- Favorable (Commerce Committee) — **20–0** (pass) · lower
- Passage, Third Reading — **114–0** (pass) · lower
- Third Reading — **38–0** (pass) · upper

## Sponsors

- Insurance and Banking Subcommittee — primary (organization)
- Stevenson — primary (person)
- Smith, D. — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-12-15** Filed `filing`
- **2022-01-03** Referred to Insurance & Banking Subcommittee `referral-committee`
- **2022-01-03** Referred to Civil Justice & Property Rights Subcommittee `referral-committee`
- **2022-01-03** Referred to Commerce Committee `referral-committee`
- **2022-01-03** Now in Insurance & Banking Subcommittee
- **2022-01-11** Added to Insurance & Banking Subcommittee agenda
- **2022-01-11** 1st Reading (Original Filed Version)
- **2022-01-13** Favorable with CS by Insurance & Banking Subcommittee
- **2022-01-14** Reported out of Insurance & Banking Subcommittee
- **2022-01-14** Laid on Table under Rule 7.18(a)
- **2022-01-14** CS Filed
- **2022-01-18** 1st Reading (Committee Substitute 1)
- **2022-01-18** Referred to Civil Justice & Property Rights Subcommittee `referral-committee`
- **2022-01-18** Referred to Commerce Committee `referral-committee`
- **2022-01-18** Now in Civil Justice & Property Rights Subcommittee
- **2022-01-25** Added to Civil Justice & Property Rights Subcommittee agenda
- **2022-01-27** Favorable by Civil Justice & Property Rights Subcommittee `committee-passage-favorable`
- **2022-01-27** Reported out of Civil Justice & Property Rights Subcommittee
- **2022-01-27** Now in Commerce Committee
- **2022-01-28** Added to Commerce Committee agenda
- **2022-02-01** Favorable by Commerce Committee `committee-passage-favorable`
- **2022-02-01** Reported out of Commerce Committee
- **2022-02-01** Bill released to House Calendar
- **2022-02-01** Added to Second Reading Calendar
- **2022-02-17** Bill added to Special Order Calendar (2/22/2022)
- **2022-02-22** Read 2nd time `reading-2`
- **2022-02-22** Placed on 3rd reading
- **2022-02-22** Added to Third Reading Calendar
- **2022-02-24** Read 3rd time `reading-3`
- **2022-02-24** CS passed; YEAS 114, NAYS 0 `passage`
- **2022-02-24** Immediately certified
- **2022-02-24** In Messages
- **2022-02-24** Referred to Rules `referral-committee`
- **2022-02-28** Received
- **2022-03-02** Withdrawn from Rules `withdrawal`
- **2022-03-02** Placed on Calendar, on 2nd reading
- **2022-03-02** Substituted for CS/SB 1246
- **2022-03-02** Read 2nd time `reading-2`
- **2022-03-02** Read 3rd time `reading-3`
- **2022-03-02** CS passed; YEAS 38 NAYS 0 `passage`
- **2022-03-02** In Messages
- **2022-03-02** Ordered enrolled
- **2022-03-28** Signed by Officers and presented to Governor
- **2022-04-06** Approved by Governor `executive-signature`
- **2022-04-08** Chapter No. 2022-57

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/32cc900a-bd0c-4e4e-800f-d7ea0c126b84`. Confidence: reported (aggregated from official Florida legislature records).