A bill to amend the Securities Exchange Act of 1934 to prohibit mandatory pre-dispute arbitration agreements, and for other purposes.
Bill Summary
Prohibits companies from requiring customers to agree to arbitration before a dispute arises, allowing customers to take companies to court instead. Bans mandatory pre-dispute arbitration agreements in securities transactions.
Sponsored By
Bill Journey
- Jun 24, 2026
- Jun 24, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects investors and consumers who interact with securities companies, allowing them to sue companies in court rather than being forced into private arbitration. It also impacts securities companies by restricting their ability to require arbitration.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.