H.R. 10641
Bans forced arbitration clauses in benefit plans
Makes clauses that push retirement and health plan members into private arbitration, or make them give up class actions or a lawyer, unenforceable, and keeps them out of plan documents.
- Covers mandatory arbitration clauses written into retirement and health plan documents
- Also covers class action waivers, representation waivers and discretionary clauses
- Arbitration clauses forced on members after a dispute arises would also be unenforceable
- Such clauses could not be put in plan documents or other agreements with members
In committee