In the July 28, 2022, issue of the Federal Register (87 FR 45268) the Federal Reserve Board (“Board”) published a proposed regulation (12 CFR Part 253) that would implement the Adjustable Interest Rate (LIBOR) Act (Public Law 117–103, div. U., the “Act”). Division U starts on page 777 of the Consolidated Appropriations Act, 2022.
Full Memorandum
