HOUSE 2620117th CongressOrdered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
Investor Choice Act of 2021
- Last Action
- 11/16/2021
Actions
- 2021-11-16Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
- 2021-11-16Committee Consideration and Mark-up Session Held.
- 2021-04-16Referred to the House Committee on Financial Services.
- 2021-04-16Introduced in House
- 2021-04-16Introduced in House
CRS Summary
As of 2021-04-16 (00)
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.
Cosponsors (7)
- CAROLYN MALONEY (D-NY)
- GREGORY MEEKS (D-NY)
- Sean Casten (D-IL)
- NYDIA VELAZQUEZ (D-NY)
- Jesus Garcia (D-IL)
- JANICE SCHAKOWSKY (D-IL)
- Madeleine Dean (D-PA)
Subjects
- Alternative dispute resolution, mediation, arbitration
- Civil actions and liability
- Financial services and investments
- Securities
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.