S.4937

Investor Choice Act of 2026

Introduced·6/24/26

Investor Choice Act of 2026 prohibits mandatory pre-dispute arbitration agreements in securities and investment advisory contracts.

The Investor Choice Act of 2026 amends the Securities Exchange Act of 1934, the Securities Act of 1933, and the Investment Advisers Act of 1940 to prohibit mandatory pre-dispute arbitration agreements. These agreements restrict investors' ability to choose their forum for dispute resolution and to pursue claims in court. The Act allows arbitration initiated before the Act's enactment to proceed. It aims to ensure investor confidence and fair recourse in securities markets by empowering investors to choose arbitration or court action.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Banking, Housing, And Urban Affairs Committee
Next
Committee decision

Sponsors

Democratic CaucusRepublican Caucus

History

Jun 24

Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.