S. 1171 · 117th Congress
Investor Choice Act of 2021
- Stage
- In committee
- Sponsor
- Jeff Merkley
- Introduced
- 2021-04-15
- Latest action
- 2021-04-15 · Introduced in Senate
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.