S. 2992 · 116th Congress
Investor Choice Act of 2019
- Stage
- In committee
- Sponsor
- Jeff Merkley
- Introduced
- 2019-12-05
- Latest action
- 2019-12-05 · Introduced in Senate
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.