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Ending Forced Arbitration: Stronger Consumer Rights in Financial Disputes

This act aims to strengthen consumer rights in disputes with financial companies. It prohibits companies from forcing customers to agree to arbitration before a dispute arises, meaning citizens will have more freedom to pursue their rights in court, including through class action lawsuits.
Key points
Prohibits agreements that force consumers into arbitration for future financial disputes.
Prohibits agreements that prevent consumers from participating in joint, class, or collective actions against financial companies.
Courts, not arbitrators, will decide on the validity of these prohibited agreements.
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Expired
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Additional Information
Print number: 117_S_3755
Sponsor: Sen. Brown, Sherrod [D-OH]
Process start date: 2022-03-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Arbitration Fairness for Consumers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3755.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-03.

What are the main provisions?

Key points include:

  • Prohibits agreements that force consumers into arbitration for future financial disputes.
  • Prohibits agreements that prevent consumers from participating in joint, class, or collective actions against financial companies.
  • Courts, not arbitrators, will decide on the validity of these prohibited agreements.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Brown, Sherrod [D-OH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Courts and Law Economy