Bill Sponsor
House Bill 5336
116th Congress(2019-2020)
Investor Choice Act of 2019
Introduced
Introduced
Introduced in House on Dec 6, 2019
Overview
Text
Introduced
Dec 6, 2019
Latest Action
Dec 6, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5336
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Illinois
Democrat
Illinois
Democrat
Massachusetts
Democrat
Massachusetts
Democrat
Pennsylvania
Democrat
Washington
Democrat
Wisconsin
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
December 6, 2019
Actions (2)
12/06/2019
Referred to the House Committee on Financial Services.
12/06/2019
Introduced in House
Public Record
Record Updated
Oct 28, 2022 1:46:03 AM