H.R. 2620 · 117th Congress · House

Investor Choice Act of 2021

Active· Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.
Introduced
Apr 16, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

5
  1. NOV 16, 2021•Committee

    Committee Consideration and Mark-up Session Held.

  2. NOV 16, 2021•Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.

    27Yea
    23Nay
    0NV
  3. APR 16, 2021•IntroReferral

    Introduced in House

  4. APR 16, 2021•IntroReferral

    Introduced in House

  5. APR 16, 2021•IntroReferral

    Referred to the House Committee on Financial Services.

Committees

2

Financial Services Committee

hsba00

Referred: Nov 16, 2021

Active

Financial Services Committee

hsba00

Referred: Apr 16, 2021

Active