President Trump “strongly opposes” the newly-passed House bill to prohibit mandatory pre-dispute arbitration agreements and would likely veto such legislation if it makes its way to his desk, the White House said in a strongly worded statement today. The statement follows close on the heels of House passage of the Forced Arbitration Injustice Repeal (FAIR) Act on Friday, which would prevent broker-dealers and investment advisors from using mandatory arbitration agreements with investors and employees and would even invalidate all existing arbitration clauses. Firms would, however, still be able to offer customers arbitration when a dispute arises. “If H.R.
from FA News https://www.fa-mag.com/news/trump-strongly-opposes-house-bill-prohibiting-mandatory-arbitration-51819.html
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