Summary: H.R.585 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.585. Bill summaries are authored by CRS.

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Introduced in House (01/17/2017)

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.