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H.R. 4616: Adjustable Interest Rate (LIBOR) Act of 2021

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To deem certain references to LIBOR as referring to a replacement benchmark rate upon the occurrence of certain events affecting LIBOR, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Brad Sherman

Sponsor. Representative for California's 30th congressional district. Democrat.

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Last Updated: Dec 9, 2021
Length: 22 pages
Introduced
Jul 22, 2021
117th Congress (2021–2023)
Status

Enacted Via Other Measures

Provisions of this bill were incorporated into other bills which were enacted, so there will not likely be further activity on this bill.

Other activity may have occurred on another bill with identical or similar provisions.

This bill was incorporated into:

H.R. 2471: Consolidated Appropriations Act, 2022
Enacted — Signed by the President on Mar 15, 2022. (compare text)
Prognosis
2% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What stakeholders are saying

R Street Institute SpendingTracker.org estimates new spending due to H.R. 4616 will be negligible.

History

Jul 22, 2021
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 28, 2021
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Jul 29, 2021
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Dec 3, 2021
 
Text Published

Updated bill text was published as of Preprint (Suspension).

Dec 7, 2021
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Dec 8, 2021
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Mar 3, 2022
 
Considered by Senate Committee on Banking, Housing, and Urban Affairs

A committee held a hearing or business meeting about the bill.

H.R. 4616 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 4616. This is the one from the 117th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 4616 — 117th Congress: Adjustable Interest Rate (LIBOR) Act of 2021.” www.GovTrack.us. 2021. October 4, 2022 <https://www.govtrack.us/congress/bills/117/hr4616>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.