Bill116th CongressFiled Dec 5, 2019Finance and Financial Sector
S. 2992
Investor Choice Act of 2019
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
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What it doesSummary introduced in senate (Dec 5, 2019)
Investor Choice Act of 2019
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 happenedDec 5, 2019
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
5 cosponsors5 D
5cosponsors1committees2actions1related bills4subjects
- Introduced in SenateDec 5, 2019
- Dec 5, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Dec 5, 2019IntroReferral10000
Introduced in Senate