Summary: H.R.3422 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.3422. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/09/1996)

Fairness and Voluntary Arbitration Act of 1996 - Requires each party to a sales and service contract that provides for the use of arbitration in resolving controversies to have the option to reject arbitration as the means of settling a controversy.

Requires the arbitrator, whenever arbitration is elected to settle a dispute under such a contract, to provide the parties with a written explanation of the factual and legal basis for the award.