Bill117th CongressFiled Apr 15, 2021Finance and Financial Sector
S. 1171
Investor Choice Act of 2021
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Apr 15, 2021)
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.
What just happenedApr 15, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Merkley, Jeff [D-OR](D-OR)Sponsor
6 cosponsors6 D
6cosponsors1committees2actions1related bills4subjects
- Introduced in SenateApr 15, 2021
- Apr 15, 2021IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Apr 15, 2021IntroReferral10000
Introduced in Senate