H.R.3422: Fairness and Voluntary Arbitration Act of 1996

About This Bill

Bill Summary

Fairness and Voluntary Arbitration Act of 1996 - Requires each party to a sales and service contract that provides for the use of arbitration in resolving controversies to have the option to reject arbitration as the means of settling a controversy. Requires the arbitrator, whenever arbitration is elected to settle a dispute under such a contract, to provide the parties with a written explanation of the factual and legal basis for the award.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Subcommittee on Commercial and Administrative Law.
Referred to the House Committee on the Judiciary.
May 9, 1996

Introduced in the House by Sonny Bono (R-Calif.)

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