Summary: S.2992 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.2992. Bill summaries are authored by CRS.

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Introduced in Senate (12/05/2019)

Investor Choice Act of 2019

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.