Investor Choice Act of 2026

This bill would make it unlawful for brokers, dealers, funding portals, municipal securities dealers, and investment advisers to sign, change, or extend customer agreements that require arbitration of future disputes. It would also bar agreements that limit where a customer can bring a dispute or that limit a customer's ability to join a class action. Such terms in existing agreements would become void, unless arbitration under them had already started by the date the law takes effect. Stock exchanges would have to refuse to list, and the Securities and Exchange Commission could not register, securities from companies whose bylaws or shareholder contracts require arbitration of disputes with shareholders.

Full text and official record on Congress.gov

Sponsors

• Jeff Merkley Democrat sponsor
• 5 cosponsors