Investor Choice Act of 2021
USA117th CongressHR-2620| House
| Updated: 11/16/2021
Bill Foster
Democratic Representative
Illinois
Cosponsors (7)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Investor Choice Act of 2021 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
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
Finance and Financial Sector
Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityFinancial services and investmentsSecurities
Investor Choice Act of 2021
USA117th CongressHR-2620| House
| Updated: 11/16/2021
Investor Choice Act of 2021 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 TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
Bill Foster
Democratic Representative
Illinois
Cosponsors (7)
Financial Services Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityFinancial services and investmentsSecurities