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Mr. JOHNSON of Georgia. Mr. Speaker, I rise to announce this week that I am reintroducing the FAIR Act: the Forced Arbitration Injustice Repeal Act.
Forced arbitration has been a concern of mine for some time, and that is why I have always been in support of sponsoring this legislation which would strip away what powerful corporations have imposed upon consumers and workers. That is forced arbitration.
These forced arbitration clauses are everywhere. Americans sign away their rights when they buy a cell phone or sign an employment contract. They are forced into arbitration, which is a private, for-profit dispute resolution process, and it bans claimants from banding together. The deck is always stacked against the little guy. That is why I have been championing this legislation since 2007. Momentum is shifting to our side.
President Biden signed a law last year invalidating forced arbitration clauses. We have a lot of work to do, and we will continue that with the FAIR Act.
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