H.R.2882 - Fairness and Voluntary Arbitration Act of 1998105th Congress (1997-1998)
|Sponsor:||Rep. Bono, Sonny [R-CA-44] (Introduced 11/07/1997)|
|Committees:||House - Judiciary|
|Latest Action:||11/18/1997 Referred to the Subcommittee on Commercial and Administrative Law. (All Actions)|
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Summary: H.R.2882 — 105th Congress (1997-1998)All Bill Information (Except Text)
Introduced in House (11/07/1997)
Fairness and Voluntary Arbitration Act of 1998 - 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.