HR 2620 · 117th Congress · Finance and Financial Sector

Investor Choice Act of 2021

Introduced 2021-04-16· Sponsored by Rep. Foster, Bill [D-IL-11]· House

Bill Progress

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Introduced

Committee

House Vote

Senate

Enacted

Latest: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 23.(2021-11-16)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 2620, Investor Choice Act of 2021

Nov 17, 2022

As ordered reported on November 16, 2021

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (7)

7 Democrats

Rep. Maloney, Carolyn B. [D-NY-12]NY

Rep. Meeks, Gregory W. [D-NY-5]NY

Rep. Casten, Sean [D-IL-6]IL

Rep. Velazquez, Nydia M. [D-NY-7]NY

Rep. Garcia, Jesus G. "Chuy" [D-IL-4]IL

Rep. Schakowsky, Janice D. [D-IL-9]IL

Rep. Dean, Madeleine [D-PA-4]PA