Dan Bishop: “We still haven't heard an explanation for why this legislation deems it appropriate to eliminate arbitration for parties…”

“We still haven't heard an explanation for why this legislation deems it appropriate to eliminate arbitration for parties of all sizes. We keep hearing about the little guy versus the massive corporation. Even in that circumstance, of course, what we may be talking about is like the case from 2011, AT&T Mobility v. Concepcion, where the issue was people in California had bought cell phones, they had been offered a free cell phone, but it wasn't made clear that they would have to pay the sales tax. So there was a $5 claim per purchaser, and wealthy plaintiffs' class- action lawyers wanted to bring a big lawsuit. With tens of thousands of them, they might get a $5 coupon, but the lawyers would buy a new jet. That may be in some circumstances, even the dispute with the big guy. But leave that aside. We still don't hear any explanation for why you are wiping out arbitration as a means that parties choose, even if they are on equal bargaining power. Madam Speaker, I yield 2 minutes to the gentleman from Wisconsin (Mr. Tiffany).”