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To amend the Securities Exchange Act of 1934 to prohibit mandatory pre-dispute arbitration agreements, and for other purposes.

USA115th CongressHR-585| House 
| Updated: 1/17/2017
Keith Ellison

Keith Ellison

Democratic Representative

Minnesota

Cosponsors (14)
Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Michael E. Capuano (Democratic)Peter A. DeFazio (Democratic)Henry C. "Hank" Johnson (Democratic)Stephen F. Lynch (Democratic)Gregory W. Meeks (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Denny Heck (Democratic)Louise McIntosh Slaughter (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Jose E. Serrano (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Investor Choice Act of 2017 This bill amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to prohibit a broker, dealer, funding portal, municipal-securities dealer, or investment adviser from entering into, modifying, or extending an agreement with a customer or client if that agreement: (1) mandates arbitration with respect to a future dispute between the parties; (2) restricts or limits the ability of the customer or client to select a forum for the resolution of such a dispute; or (3) restricts or limits the ability of the customer or client to pursue, in an individual capacity or on a class-action basis, a claim relating to such a dispute.
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Timeline
Jan 17, 2017
Introduced in House
Jan 17, 2017
Referred to the House Committee on Financial Services.
  • January 17, 2017
    Introduced in House


  • January 17, 2017
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityConsumer affairsFinancial services and investmentsSecurities

To amend the Securities Exchange Act of 1934 to prohibit mandatory pre-dispute arbitration agreements, and for other purposes.

USA115th CongressHR-585| House 
| Updated: 1/17/2017
Investor Choice Act of 2017 This bill amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to prohibit a broker, dealer, funding portal, municipal-securities dealer, or investment adviser from entering into, modifying, or extending an agreement with a customer or client if that agreement: (1) mandates arbitration with respect to a future dispute between the parties; (2) restricts or limits the ability of the customer or client to select a forum for the resolution of such a dispute; or (3) restricts or limits the ability of the customer or client to pursue, in an individual capacity or on a class-action basis, a claim relating to such a dispute.
View Full Text

Suggested Questions

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Timeline
Jan 17, 2017
Introduced in House
Jan 17, 2017
Referred to the House Committee on Financial Services.
  • January 17, 2017
    Introduced in House


  • January 17, 2017
    Referred to the House Committee on Financial Services.
Keith Ellison

Keith Ellison

Democratic Representative

Minnesota

Cosponsors (14)
Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Michael E. Capuano (Democratic)Peter A. DeFazio (Democratic)Henry C. "Hank" Johnson (Democratic)Stephen F. Lynch (Democratic)Gregory W. Meeks (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Denny Heck (Democratic)Louise McIntosh Slaughter (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Jose E. Serrano (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityConsumer affairsFinancial services and investmentsSecurities