HR 585
115th Congress
House
Finance and Financial Sector
Alternative dispute resolution, mediation, arbitration
Civil actions and liability
Consumer affairs
Financial services and investments
Securities
Investor Choice Act of 2017
Introduced: January 17, 2017
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 17, 2017
Referred to the House Committee on Financial Services.
Jan 17, 2017
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1