On the recordMarch 17, 2022
I just want to point out that this bill does not ban arbitration. If two parties have a dispute and prefer arbitration to going to court, they can have arbitration. This bill bans forced arbitration, meaning arbitration that is entered into contracts that people have no ability to change. That is why it says pre-dispute arbitration agreements are struck by this bill, not post-dispute arbitration agreements. So this bill does not eliminate arbitration agreements if they want to. It does eliminate forced arbitration agreements that the party, usually the employee or the consumer had no knowledge of probably and no ability to say no to. We used to call them contracts of adhesion, but we don't do that anymore. Madam Speaker, I yield 3 minutes to the gentlewoman from Texas (Ms. Jackson Lee), a member of the Judiciary Committee.
