US Congress House Bill 585 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 15-0)
Status: Introduced on January 17 2017 - 25% progression, died in committee
Action: 2017-01-17 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Investor Choice Act of 2017 This bill amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to prohibit a broker, dealer, funding portal, municipal-securities dealer, or investment adviser from entering into, modifying, or extending an agreement with a customer or client if that agreement: (1) mandates arbitration with respect to a future dispute between the parties; (2) restricts or limits the ability of the customer or client to select a forum for the resolution of such a dispute; or (3) restricts or limits the ability of the customer or client to pursue, in an individual capacity or on a class-action basis, a claim relating to such a dispute.

Investor Choice Act of 2017

Rep. Keith Ellison [D-MN]	Rep. Michael Capuano [D-MA]	Rep. Stephen Lynch [D-MA]	Rep. Gregory Meeks [D-NY]
Rep. Louise Slaughter [D-NY]	Rep. Raul Grijalva [D-AZ]	Rep. Denny Heck [D-WA]	Rep. Betty McCollum [D-MN]
Rep. James McGovern [D-MA]	Rep. Mark Pocan [D-WI]	Rep. Janice Schakowsky [D-IL]	Rep. Jose Serrano [D-NY]
Rep. Peter DeFazio [D-OR]	Rep. Eleanor Norton [D-DC]	Rep. Henry Johnson [D-GA]

Date	Chamber	Action
2017-01-17	House	Referred to the House Committee on Financial Services.
2017-01-17	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/585/all-info
Text	https://www.congress.gov/115/bills/hr585/BILLS-115hr585ih.pdf