S 2992
116th Congress
Senate
Finance and Financial Sector
Alternative dispute resolution, mediation, arbitration
Civil actions and liability
Financial services and investments
Securities
Investor Choice Act of 2019
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1