Investor Choice Act of 2026

This bill would make it illegal for brokers, dealers, funding portals, municipal securities dealers, and investment advisers to make agreements requiring customers to settle future disputes through arbitration. It would also bar these agreements from limiting where customers can bring a dispute or whether they can join a class action. Stock exchanges could not list, and the Securities and Exchange Commission could not register, securities from companies whose bylaws or shareholder contracts require arbitration of shareholder disputes. Such terms in existing broker and adviser agreements would become void, except where arbitration had already started by the date the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Bill Foster Democrat sponsor
• 1 cosponsors