H.R. 2620: Investor Choice Act of 2021

CBO Score


Date of Report

Thu November 17th, 2022

Legislation Details

117th Congress

To amend the Securities Exchange Act of 1934 to prohibit mandatory pre-dispute arbitration agreements, and for other purposes.

Sponsor: Rep. Bill Foster — D — IL

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.

View the full vote history of this bill on GovTrack.us.

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