Investor Choice Act of 2021

Fact Sheet API

Bill Number

HR 2620

Introduced

Apr 16, 2021

Latest Action

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.

Sponsor

Cosponsors

Topics

Alternative dispute resolution, mediation, arbitration Civil actions and liability Finance and Financial Sector Financial services and investments Securities

Full Text

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Votes

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.

Actions

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

Amendments

Related Bills