Ask AI
H.R. 585

Investor Choice Act of 2017

Investor Choice Act of 2017

This bill amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to prohibit a broker, dealer, funding portal, municipal-securities dealer, or investment adviser from entering into, modifying, or extending an agreement with a customer or client if that agreement: (1) mandates arbitration with respect to a future dispute between the parties; (2) restricts or limits the ability of the customer or client to select a forum for the resolution of such a dispute; or (3) restricts or limits the ability of the customer or client to pursue, in an individual capacity or on a class-action basis, a claim relating to such a dispute.

Referred to the House Committee on Financial Services.

Rep. Ellison, Keith [D-MN-5](D-MN)Sponsor
14 cosponsors14 D
14cosponsors1committees3actions5subjects
  1. IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Investor Choice Act of 2017 — Informed