Mr. President, just for everybody's information, I am going to speak for just 2 or 3 minutes and then yield back our time, and then Senator Brown will do the same, and then we will proceed to a vote. I just want to make clear what we are talking about here. You have heard a lot of talk tonight about how this is trying to stop the forced arbitration. You have heard that word a lot. Let's make it really clear what the debate is about. Using the CFPB's own study--I am quoting the CFPB now--``the clear majority of the arbitration clauses within our review specifically recognize--and allow--access to small claims courts as an alternative to arbitration.'' So this notion that we are here fighting tonight about whether people who have small claims don't have any outlet except arbitration is simply false. That is a false orchestration of what the argument is. What is the argument? Well, why don't we look at the rule and see what the rule says again? And now I am quoting specifically from the CFPB rule. It prohibits a company from relying ``in any way''--it doesn't say forced arbitration--from relying ``in any way on a pre- dispute arbitration agreement . . . with respect to any aspect of a class action.'' It goes on, and the rule actually states specific language that people have to put in their contracts. What is that language?…
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