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Investor Choice Act of 2019
10/28/2022, 1:46 AM
Congressional Summary of HR 5336
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.
Read the Full Bill
Current Status of Bill HR 5336
Bill HR 5336 is currently in the status of Bill Introduced since December 6, 2019. Bill HR 5336 was introduced during Congress 116 and was introduced to the House on December 6, 2019. Bill HR 5336's most recent activity was Referred to the House Committee on Financial Services. as of December 6, 2019
Bipartisan Support of Bill HR 5336
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
10Democrat Cosponsors
10Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5336
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Alternative dispute resolution, mediation, arbitration
- Civil actions and liability
- Consumer affairs
- Financial services and investments
- Securities
Alternate Title(s) of Bill HR 5336
Investor Choice Act of 2019
To amend the Securities Exchange Act of 1934 to prohibit mandatory predispute arbitration agreements, and for other purposes.
Investor Choice Act of 2019
Comments
Sponsors and Cosponsors of HR 5336
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