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Investor Choice Act of 2019

USA116th CongressS-2992| Senate 
| Updated: 12/5/2019
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (5)
Richard J. Durbin (Democratic)Elizabeth Warren (Democratic)Sheldon Whitehouse (Democratic)Robert Menendez (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs 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
Introduced in Senate
Dec 5, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 6, 2019

Latest Companion Bill Action

HR 116-5336
Introduced in House
  • December 5, 2019
    Introduced in Senate


  • December 5, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 6, 2019

    Latest Companion Bill Action

    HR 116-5336
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 116-5336: Investor Choice Act of 2019
Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityFinancial services and investmentsSecurities

Investor Choice Act of 2019

USA116th CongressS-2992| Senate 
| Updated: 12/5/2019
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
Introduced in Senate
Dec 5, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 6, 2019

Latest Companion Bill Action

HR 116-5336
Introduced in House
  • December 5, 2019
    Introduced in Senate


  • December 5, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 6, 2019

    Latest Companion Bill Action

    HR 116-5336
    Introduced in House
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (5)
Richard J. Durbin (Democratic)Elizabeth Warren (Democratic)Sheldon Whitehouse (Democratic)Robert Menendez (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 116-5336: Investor Choice Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityFinancial services and investmentsSecurities