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S4937Referred to Committee

A bill to amend the Securities Exchange Act of 1934 to prohibit mandatory pre-dispute arbitration agreements, and for other purposes.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-24
Introduced
5
Cosponsors
S
ⓘ
Type

Sponsor

Jeff Merkley
Jeff Merkley
Democrat · OR · Senator
Votes with party: 85.1% (844 recorded votes)

Full profile: /officials/M001176

Source: Congress.gov · FEC

Cosponsors (5)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Elizabeth Warren (D-MA)Original· 2026-06-24
  • Jack Reed (D-RI)Original· 2026-06-24
  • Richard Blumenthal (D-CT)Original· 2026-06-24
  • Richard J. Durbin (D-IL)Original· 2026-06-24
  • Sheldon Whitehouse (D-RI)Original· 2026-06-24

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

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

2026-06-24

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-06-24

Plain-English Summary

The bill would ban companies from forcing customers and employees to sign agreements that require them to settle disputes through private arbitration instead of going to court. This change would allow workers and consumers to pursue lawsuits against securities firms and other companies rather than being locked into private dispute resolution processes. The measure affects anyone who invests in securities or works in the financial industry.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • SJRES196A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Reimagining and Improving Student Education-Federal Student Loan Program Final Regulations".
    Referred to Committee · 2026-06-24
  • S4942A bill to create protections for financial institutions that provide financial services to State-sanctioned marijuana businesses and service providers for such businesses, and for other purposes.
    Referred to Committee · 2026-06-24
  • SRES782A resolution recognizing the importance of pollinators to ecosystem health and agriculture in the United States by designating June 22 through June 28, 2026, as "National Pollinator Week".
    Referred to Committee · 2026-06-22
  • S4259Blue Skies for Taiwan Act of 2026
    Referred to Committee · 2026-06-17