Fabio
113 lines
6.1 KiB
Markdown
113 lines
6.1 KiB
Markdown
---
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type: "Bill"
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title: "Benchmark Replacements for London Interbank Offered Rate"
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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."
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jurisdiction: "us/states/fl"
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legislature: "Florida Legislature"
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session: "2022"
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identifier: "HB 925"
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citation: "Florida HB 925 (2022)"
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classification: ["bill"]
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subjects: ["commercial relations"]
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status: "enacted"
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chapter_law: "2022-57"
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primary_sponsors: ["Stevenson"]
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version_count: 3
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action_count: 45
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vote_count: 5
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first_action: "2021-12-15"
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last_action: "2022-04-08"
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source: "openstates"
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source_identifier: "ocd-bill/32cc900a-bd0c-4e4e-800f-d7ea0c126b84"
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source_url: "https://flsenate.gov/Session/Bill/2022/925/ByCategory"
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source_hash: "7f55bdf64e304ed39134ee68bc9c8bacd73dad6d9f0bd736ddb20b1670aca978"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-fl"]
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---
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# Florida HB 925 (2022) — Benchmark Replacements for London Interbank Offered Rate
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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.
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**Enacted** — Laws of Florida, Chapter 2022-57.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **H 925 Filed** (filed) — [source](https://flsenate.gov/Session/Bill/2022/925/BillText/Filed/PDF)
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2. **H 925 c1** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2022/925/BillText/c1/PDF)
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3. **H 925 er** (enrolled) — [source](https://flsenate.gov/Session/Bill/2022/925/BillText/er/PDF)
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## Votes
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- Favorable With Committee Substitute (Insurance & Banking Subcommittee) — **15–0** (pass) · lower
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- Favorable (Civil Justice & Property Rights Subcommittee) — **16–0** (pass) · lower
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- Favorable (Commerce Committee) — **20–0** (pass) · lower
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- Passage, Third Reading — **114–0** (pass) · lower
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- Third Reading — **38–0** (pass) · upper
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## Sponsors
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- Insurance and Banking Subcommittee — primary (organization)
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- Stevenson — primary (person)
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- Smith, D. — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2021-12-15** Filed `filing`
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- **2022-01-03** Referred to Insurance & Banking Subcommittee `referral-committee`
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- **2022-01-03** Referred to Civil Justice & Property Rights Subcommittee `referral-committee`
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- **2022-01-03** Referred to Commerce Committee `referral-committee`
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- **2022-01-03** Now in Insurance & Banking Subcommittee
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- **2022-01-11** Added to Insurance & Banking Subcommittee agenda
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- **2022-01-11** 1st Reading (Original Filed Version)
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- **2022-01-13** Favorable with CS by Insurance & Banking Subcommittee
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- **2022-01-14** Reported out of Insurance & Banking Subcommittee
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- **2022-01-14** Laid on Table under Rule 7.18(a)
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- **2022-01-14** CS Filed
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- **2022-01-18** 1st Reading (Committee Substitute 1)
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- **2022-01-18** Referred to Civil Justice & Property Rights Subcommittee `referral-committee`
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- **2022-01-18** Referred to Commerce Committee `referral-committee`
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- **2022-01-18** Now in Civil Justice & Property Rights Subcommittee
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- **2022-01-25** Added to Civil Justice & Property Rights Subcommittee agenda
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- **2022-01-27** Favorable by Civil Justice & Property Rights Subcommittee `committee-passage-favorable`
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- **2022-01-27** Reported out of Civil Justice & Property Rights Subcommittee
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- **2022-01-27** Now in Commerce Committee
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- **2022-01-28** Added to Commerce Committee agenda
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- **2022-02-01** Favorable by Commerce Committee `committee-passage-favorable`
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- **2022-02-01** Reported out of Commerce Committee
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- **2022-02-01** Bill released to House Calendar
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- **2022-02-01** Added to Second Reading Calendar
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- **2022-02-17** Bill added to Special Order Calendar (2/22/2022)
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- **2022-02-22** Read 2nd time `reading-2`
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- **2022-02-22** Placed on 3rd reading
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- **2022-02-22** Added to Third Reading Calendar
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- **2022-02-24** Read 3rd time `reading-3`
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- **2022-02-24** CS passed; YEAS 114, NAYS 0 `passage`
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- **2022-02-24** Immediately certified
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- **2022-02-24** In Messages
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- **2022-02-24** Referred to Rules `referral-committee`
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- **2022-02-28** Received
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- **2022-03-02** Withdrawn from Rules `withdrawal`
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- **2022-03-02** Placed on Calendar, on 2nd reading
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- **2022-03-02** Substituted for CS/SB 1246
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- **2022-03-02** Read 2nd time `reading-2`
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- **2022-03-02** Read 3rd time `reading-3`
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- **2022-03-02** CS passed; YEAS 38 NAYS 0 `passage`
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- **2022-03-02** In Messages
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- **2022-03-02** Ordered enrolled
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- **2022-03-28** Signed by Officers and presented to Governor
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- **2022-04-06** Approved by Governor `executive-signature`
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- **2022-04-08** Chapter No. 2022-57
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## Source
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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).
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