House bill · 118th Congress · Did not become law
Where it went
- IntroducedJan 31, 2024
- Committee action—
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Jan 31, 2024 — Referred to the House Committee on Financial Services.
Cost and committee reports
Official records Congress.gov attaches to H.R. 7168.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. FOSTER, as printed in the Congressional Record (Vol. 170, No. 18, January 31, 2024, Page H365):This bill is enacted pursuant to the power granted to Congress under Article I, Section 8, Clauses 1 and 18 of the United States Constitution. The single subject of this legislation is: This bill prohibits broker-dealers and investment advisers from including mandatory arbitration, forum selection restrictions, or bans on class action suits in a customer or client agreement. Issuers of securities are also prohibited from mandating arbitration in a shareholder agreement.Source: Congress.gov, Congressional Record January 31, 2024 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 474 characters
- Congress.gov bill record
- H.R. 7168, 118th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/118/hr/7168
- Record last updated by Congress.gov
- December 5, 2025
- PORKER copy retrieved
- September 14, 2026
- Stored copy, SHA-256 of the file
d252ac2e7e2917cb591434346dc0d451189613ab372e6ff86f7bf476e37d5af2
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of December 5, 2025). Not every bill gets one.
From the Congress.gov bill record for H.R. 7168, last updated December 5, 2025. PORKER’s copy was retrieved September 14, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
6 cosponsors — 6 Democrats
0 of 6 cosponsors (0%) are from the other party.
Sean Casten (D-IL), Madeleine Dean (D-PA), Jesús García (D-IL), Gregory Meeks (D-NY), Janice Schakowsky (D-IL), Nydia Velázquez (D-NY).
More from the sponsor
Other 118th Congress bills sponsored by Rep. Bill Foster.
- H.R. 783 (118th) To designate the Department of Energy Integrated Engineering Research Center Federal Building located at the Fermi National Accelerator…
- H.R. 415 (118th) End the Threat of Default Act
- H.Res. 1079 (118th) Expressing support for the continued value of arms control agreements and condemning the Russian Federation's purported suspension of its…
- H.R. 5797 (118th) Protecting Immigrants From Legal Exploitation Act of 2023
- H.Res. 641 (118th) Expressing the sense of the House of Representatives in support of the International Atomic Energy Agency's (IAEA) nuclear security role.
- H.Res. 112 (118th) Expressing the condolences of the House of Representatives and honoring the memory of the victims of the mass shooting in Aurora…
Related bills
- H.R. 9462 (119th) Investor Choice Act of 2026Cross-Congress related bill
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Sep 15, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.