Provides that certain fraudulent arbitration agreements are invalid.

This bill invalidates arbitration agreements when a business fraudulently creates a contract with a consumer - such as by opening accounts without consent using stolen personal information. It directly affects consumers who were victimized by such fraud and businesses that misuse consumer data to force arbitration. The key provision states that arbitration agreements become unenforceable if the underlying contract was fraudulently established, preventing businesses from compelling arbitration in these cases. This change ensures consumers can pursue claims in court rather than behind closed doors in arbitration. The bill responds to incidents like Wells Fargo’s unauthorized account creation scheme but applies broadly to any business engaging in similar fraud.