H.R. 2620 · 117th Congress
Investor Choice Act of 2021
- Stage
- Reported from committee
- Sponsor
- Bill Foster
- Introduced
- 2021-04-16
- Latest action
- 2021-11-16 · Committee Consideration and Mark-up Session Held.
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.