Legis Daily

Investor Choice Act of 2019

USA116th CongressHR-5336| House 
| Updated: 12/6/2019
Bill Foster

Bill Foster

Democratic Representative

Illinois

Cosponsors (10)
Mark Pocan (Democratic)Carolyn B. Maloney (Democratic)Madeleine Dean (Democratic)Wm. Lacy Clay (Democratic)Stephen F. Lynch (Democratic)Gregory W. Meeks (Democratic)Denny Heck (Democratic)Sean Casten (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Investor Choice Act of 2019 This bill prohibits broker-dealers and investment advisers from including mandatory arbitration, forum selection restrictions, or bans on class action suits in a customer or client agreement. Issuers of securities are also prohibited from mandating arbitration in a shareholder agreement.
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Timeline
Dec 5, 2019

Latest Companion Bill Action

S 116-2992
Introduced in Senate
Dec 6, 2019
Introduced in House
Dec 6, 2019
Referred to the House Committee on Financial Services.
  • December 5, 2019

    Latest Companion Bill Action

    S 116-2992
    Introduced in Senate


  • December 6, 2019
    Introduced in House


  • December 6, 2019
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 116-2992: Investor Choice Act of 2019
Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityConsumer affairsFinancial services and investmentsSecurities

Investor Choice Act of 2019

USA116th CongressHR-5336| House 
| Updated: 12/6/2019
Investor Choice Act of 2019 This bill prohibits broker-dealers and investment advisers from including mandatory arbitration, forum selection restrictions, or bans on class action suits in a customer or client agreement. Issuers of securities are also prohibited from mandating arbitration in a shareholder agreement.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 5, 2019

Latest Companion Bill Action

S 116-2992
Introduced in Senate
Dec 6, 2019
Introduced in House
Dec 6, 2019
Referred to the House Committee on Financial Services.
  • December 5, 2019

    Latest Companion Bill Action

    S 116-2992
    Introduced in Senate


  • December 6, 2019
    Introduced in House


  • December 6, 2019
    Referred to the House Committee on Financial Services.
Bill Foster

Bill Foster

Democratic Representative

Illinois

Cosponsors (10)
Mark Pocan (Democratic)Carolyn B. Maloney (Democratic)Madeleine Dean (Democratic)Wm. Lacy Clay (Democratic)Stephen F. Lynch (Democratic)Gregory W. Meeks (Democratic)Denny Heck (Democratic)Sean Casten (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 116-2992: Investor Choice Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityConsumer affairsFinancial services and investmentsSecurities