# 119-hr-9462: Investor Choice Act of 2026

119-hr-9462, Investor Choice Act of 2026, is a 119th Congress bill sponsored by Rep. Foster, Bill [D-IL-11] (D-IL); status introduced; PRIA reads it as touching household money (as of 2026-07-15).

- Canonical: https://policyrisk.com/legislation/119-hr-9462
- As of: 2026-07-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9462
- Congress: 119
- Title: Investor Choice Act of 2026
- Status: introduced
- Introduced: 2026-06-25
- Sponsor: Rep. Foster, Bill [D-IL-11] (D-IL)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-15

## Summary

**The Investor Choice Act of 2026 would end mandatory pre-dispute arbitration in many securities relationships.** The bill targets contract clauses that force shareholders, investors, or clients into arbitration instead of allowing court or collective actions. - Shareholders and issuers: It would bar a security from being listed or registered if the issuer's bylaws, governing documents, or any shareholder contract requires arbitration for issuer-shareholder disputes. - Broker and dealer customers: It would make it unlawful for brokers, dealers, funding portals, and municipal securities dealers to enter into, modify, or extend customer agreements that mandate arbitration or limit a customer's choice of forum. Provisions in pre-existing agreements are void, except for arbitrations already started before enactment. - Investment adviser clients: It would prohibit investment advisers from using agreements that mandate arbitration or restrict a client's ability to bring individual, representative, or class claims. Prior agreements with those clauses are void, with the same exception for ongoing arbitrations.

## Cosponsors (1)

- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2026-06-25T00:00:00.000Z

## Provisions PRIA read

- No listings that force shareholder arbitration: benefit, high. If enacted, this would bar a national securities exchange from listing, and the SEC from registering, any security whose issuer requires shareholder disputes to go to pre-dispute arbitration. The ban would cover arbitration clauses in bylaws, governing documents, or shareholder contracts. This rest…
- Ban on forced arbitration for customers: benefit, medium. If enacted, this would make it unlawful for brokers, dealers, funding portals, municipal securities dealers, and investment advisers to put mandatory pre-dispute arbitration clauses in new or changed customer or client agreements. You would be able to choose court-based options, individual lawsuits…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-5361: George Floyd Justice in Policing Act of 2025

## Sources
- [119-hr-9462 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9462)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-5361: George Floyd Justice in Policing Act of 2025](https://policyrisk.com/legislation/119-hr-5361)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9462 (as of 2026-07-15).