Investor Choice Act of 2021
Latest action · Nov 16, 2021 Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 16, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 7
Members who signed on, in the order they did. All signed on Apr 16, 2021.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Carolyn B. Maloney | Original | Apr 16, 2021 |
| D-NY | Gregory W. Meeks | Original | Apr 16, 2021 |
| D-IL | Janice D. Schakowsky | Original | Apr 16, 2021 |
| D-IL | Jesús G. "Chuy" García | Original | Apr 16, 2021 |
| D-PA | Madeleine Dean | Original | Apr 16, 2021 |
| D-NY | Nydia M. Velázquez | Original | Apr 16, 2021 |
| D-IL | Sean Casten | Original | Apr 16, 2021 |
Actions 4
Everything that happened, newest first.
- Nov 16, 2021Committee Consideration and Mark-up Session Held.
- Nov 16, 2021Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
- Apr 16, 2021Introduced in House
- Apr 16, 2021Referred to the House Committee on Financial Services.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1171 | Investor Choice Act of 2021 | Identical bill | Apr 15, 2021 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Apr 16, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.