Investor Choice Act of 2021
Summary
Investor Choice Act of 2021 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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2021
Committee Review
Floor Vote
President
Introduced Apr 16, 2021
Last action Nov 16, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Amendments
1
Nov 16, 2021
Introduced
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
lower
Nov 16, 2021
Lower · Passed
Committee Consideration and Mark-up Session Held.
lower
Apr 16, 2021
Committee
Referred to the House Committee on Financial Services.
lower
Apr 16, 2021
Introduced
Introduced in House
lower
1 primary · 7 co-sponsors
Sponsors
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