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- S.1171
S.1171: Investor Choice Act of 2021
About This Bill
- Introduced April 15, 2021
- Latest Major Action April 15, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (All Democrats)
Bill Version
- Introduced in Senate - April 15, 2021
Bill 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.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 15, 2021 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
April 15, 2021 |
Introduced in the Senate by Jeff Merkley (D-Ore.) |