12.7.21
SFA, along with 21 other financial services trade associations, sent a letter to the House of Representatives calling for the enactment of the Adjustable Interest Rate (LIBOR) Act of 2021 (H.R. 4616). Passage of the legislation, which has broad regulatory and industry support, will provide a solution for tough legacy contracts that have insufficient fallback language and create a safe harbor from litigation.
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