Sens. Jon Tester, D-Mont., and Thom Tillis, R-N.C., on Wednesday 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: HR 4616
MBA, Trade Groups Urge Senate Support of ‘Tough Legacy’ LIBOR Bill
The Mortgage Bankers Association and more than a dozen industry trade groups on Monday urged Senate leadership to support legislation that would address “tough legacy” contracts that currently reference the soon-to-expire London InterBank Offered Rate.