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December 09, 2021

In a 415-9 vote, the U.S. House of Representatives passed the Adjustable Interest Rate (LIBOR) Act of 2021. The LIBOR Act will now move to the Senate for consideration.

November 02, 2021

At a hearing before the Senate Banking Committee, Alternative Reference Rates Committee Chair Thomas Wipf advocated for Congressional passage of uniform, federal legislation to address LIBOR legacy contract transition issues and "avoid the disruptions, market uncertainties, and confusion that would otherwise occur when LIBOR ends."