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Code · BILL · 117th Congress · H.R. 4616 (Reported in House) — To deem certain references to LIBOR as referring to a replacement benchmark rate upon the occurrence of certain event... · Sec. 9

Sec. 9. Interbank offered rate transition rule of construction

56 words·~1 min read·/bill/117/hr/4616/rh/section-9

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None of— the selection or use of a Board-Selected Benchmark Replacement as a Benchmark Replacement, the determination, implementation, or performance of Benchmark Replacement Conforming Changes; or the application to any LIBOR Contract of, or the agreement by parties thereto to terms consistent with, section 4, shall be treated as a transfer, disposition, or conversion of property.
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