HR 2620
117th Congress
House
Finance and Financial Sector
Alternative dispute resolution, mediation, arbitration
Civil actions and liability
Financial services and investments
Securities
Investor Choice Act of 2021
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 16, 2021
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
Nov 16, 2021
Committee Consideration and Mark-up Session Held.
Apr 16, 2021
Referred to the House Committee on Financial Services.
Apr 16, 2021
Introduced in House
Plain-English summary
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.
What's happening now
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
Committees of jurisdiction
1