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S. 2992 116th Congress Senate

Investor Choice Act of 2019

Official title: A bill to amend the Securities Exchange Act of 1934 to prohibit mandatory pre-dispute arbitration agreements, and for other purposes.

Introduced: December 5, 2019 Introduced by: Jeff Merkley Democratic · Oregon See on congress.gov
Finance and Financial Sector Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityFinancial services and investmentsSecurities
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 5, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 5, 2019
Introduced in Senate
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 Latest action December 5, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 5336 Investor Choice Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4
D
Blumenthal, Richard
Connecticut · Dec 5, 2019
 D
Durbin, Richard J.
Illinois · Dec 5, 2019
 D
Warren, Elizabeth
Massachusetts · Dec 5, 2019
 D
Whitehouse, Sheldon
Rhode Island · Dec 5, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2992: Investor Choice Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-2992/
MLA
"S. 2992: Investor Choice Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2992/.
Bluebook (legal)
S. 2992, 116th Cong. (2026), https://openamerica.io/bill/116-S-2992/.
Markdown link
[S. 2992: Investor Choice Act of 2019](https://openamerica.io/bill/116-S-2992/)
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