Sens. Jon Tester, D-Mont., and Thom Tillis, R-N.C., yesterday introduced a bill that addresses “tough legacy” contracts that currently reference LIBOR. The Mortgage Bankers Association and more than two dozen industry trade groups sent a letter to Senate leadership in support of the bill.
Tag: Economic Continuity and Stability Act
Tester, Tillis Introduce LIBOR ‘Tough Legacy’ Bill; MBA, Trade Groups Urge Senate Support
Sens. Jon Tester, D-Mont., and Thom Tillis, R-N.C., yesterday introduced a bill that addresses “tough legacy” contracts that currently reference LIBOR. The Mortgage Bankers Association and more than two dozen industry trade groups sent a letter to Senate leadership in support of the bill.