Bill116th CongressFiled Dec 6, 2019Finance and Financial Sector
H.R. 5336
Investor Choice Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Dec 6, 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 6, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Foster, Bill [D-IL-11](D-IL)Sponsor
10 cosponsors10 D
10cosponsors1committees3actions1related bills5subjects
- Introduced in HouseDec 6, 2019
- Dec 6, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Dec 6, 2019IntroReferralIntro-H
Introduced in House
- Dec 6, 2019IntroReferral1000
Introduced in House