HR 585 · 115th Congress · Finance and Financial Sector

Investor Choice Act of 2017

Introduced 2017-01-17· Sponsored by Rep. Ellison, Keith [D-MN-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2017-01-17)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (14)

14 Democrats