The Chicago Mercantile Exchange proposed a plan for transitioning swaps referencing USD LIBOR.

The Alternative Reference Rates Committee issued guidance on the transition away from using USD LIBOR ICE swap rates to alternative reference rates.

Comments are due by June 30, 2022 for a CFTC proposal to amend the clearing requirement by removing LIBOR and other interbank offered rates and include risk-free rates such as SOFR.

At a hearing before the Senate Committee on Banking, Housing and Urban Affairs, Treasury Secretary Janet L. Yellen testified on the Financial Stability Oversight Council's 2021 Annual Report to Congress.

The CFTC proposed to amend the mandatory clearing requirement to remove LIBOR and other interbank offered rates and include risk-free rates such as SOFR.

The Congressional Research Service recapped key issues in policymakers' "efforts to transition away from the use of LIBOR in financial products in order to avoid disruption."

President Joseph R. Biden into law the Consolidated Appropriations Act, which includes the Adjustable Interest Rate (LIBOR) Act.

Congress passed the Consolidated Appropriations Act, which includes the Adjustable Interest Rate (LIBOR) Act.

The Chicago Mercantile Exchange will publish two new benchmark reference rates: CME CF Bitcoin Reference Rate New York and CME CF Ether-Dollar Reference Rate New York.

The National Credit Union Administration highlighted supervisory priorities for the 2022 examination program.