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United States · Bill · HR

H.R. 1098 (114th)

Investor Choice Act of 2015

referredUnited States· United States Congress· EN

Introduced

26 February 2015

Last action

26 February 2015 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Ellison, Keith [D-MN-5], Rep. Bonamici, Suzanne [D-OR-1], Rep. Capuano, Michael E. [D-MA-8], Rep. Cartwright, Matt [D-PA-17], Rep. Cicilline, David N. [D-RI-1], Rep. DeFazio, Peter A. [D-OR-4], Rep. Frankel, Lois [D-FL-22], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Heck, Denny [D-WA-10], Rep. Hinojosa, Ruben [D-TX-15], Rep. Lee, Barbara [D-CA-12], Rep. Lynch, Stephen F. [D-MA-8], Rep. Meeks, Gregory W. [D-NY-5], Rep. McGovern, James P. [D-MA-2], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Swalwell, Eric [D-CA-15], Rep. Tonko, Paul [D-NY-20], Rep. Tsongas, Niki [D-MA-3], Rep. Cohen, Steve [D-TN-9], Rep. McCollum, Betty [D-MN-4], Rep. Carson, André [D-IN-7], Rep. Pocan, Mark [D-WI-2], Rep. Conyers, John, Jr. [D-MI-13], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Serrano, Jose E. [D-NY-15]

Subjects

Discovery layer

Source updated

12 August 2025

Summary

Investor Choice Act of 2015 Amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to revise the authority of the Securities and Exchange Commission to prohibit, or impose conditions or limitations on the use of, agreements that require customers or clients of any broker, dealer, or municipal securities dealer to arbitrate any future dispute between them arising under the federal securities laws, related rules and regulations, or the rules of a self-regulatory organization if it finds that prohibition, imposition of conditions, or limitations are in the public interest and for the protection of investors. Declares unlawful for a broker, dealer, funding portal, or municipal securities dealer (entities) to enter into, modify, or extend an agreement with customers or clients governing a future dispute between the parties that would mandate arbitration. Declares likewise unlawful acts by such entities that would restrict, limit, or condition the ability of a customer or client to: (1) select or designate a forum for dispute resolution, or (2) pursue a claim relating to a dispute in an individual or representative capacity or on a class action or consolidated basis.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 26 February 2015

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 26 February 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 26 February 2015

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 26 February 2015

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 26 February 2015

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 26 February 2015

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Sponsors

Related records

Sources

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