Arbitration agreements in the Securities Act of 1933

Section 6 of the Securities Act of 1933 (15 U.S.C. 77f) is amended by adding at the end the following: (f) Limitation on arbitration requirements A security may not be registered with the Commission if the issuer of the security, in the bylaws of the issuer, other governing documents, or any contract with a shareholder relating to the parties as issuer and shareholder, mandates arbitration for any dispute between the issuer and the shareholders of the issuer, without regard to whether such a provision in the bylaws, documents, or contract is otherwise permissible under title 9, United States Code..