3.0.0 5336 2022-10-28T01:46:03Z 2022-10-28T01:46:03Z House HR 2019-12-06 116 [Congressional Record Volume 165, Number 195 (Friday, December 6, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FOSTER:H.R. 5336.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clauses 1 and 18 of theUnited States Constitution.[Page H9347]]]> hsba00 Financial Services Committee House Standing Referred to 2019-12-06T14:00:16Z Investor Choice Act of 2019 116 2992 S 2019-12-05 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2019-12-06 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-12-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-12-06 Introduced in House IntroReferral 1000 9 Library of Congress F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 N M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2019-12-06 True M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2019-12-06 True C001117 Rep. Casten, Sean [D-IL-6] Sean Casten D IL 6 2019-12-06 True L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2019-12-06 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2019-12-06 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2019-12-06 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2019-12-06 True D000631 Rep. Dean, Madeleine [D-PA-4] Madeleine Dean D PA 4 2019-12-06 True H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 2019-12-06 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2019-12-19 False Finance and Financial Sector Alternative dispute resolution, mediation, arbitration Civil actions and liability Consumer affairs Financial services and investments Securities Finance and Financial Sector 00 2019-12-06 Introduced in House 2020-06-08T18:34:55Z 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.

]]> Investor Choice Act of 2019 Display Title Investor Choice Act of 2019 Official Title as Introduced To amend the Securities Exchange Act of 1934 to prohibit mandatory predispute arbitration agreements, and for other purposes. Introduced in House IH Short Title(s) as Introduced Investor Choice Act of 2019 Introduced in House IH Introduced in House 2019-12-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5336ih/xml/BILLS-116hr5336ih.xml 2019-12-06 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.