,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #hcb  ,,in ,,the ,,house ,,of   
,,representatives  ,february #b1        
#bjag,mr4 ,capuano introduced the       
following bill2 which was referred to   
the ,committee on the ,judiciary  ,a    
,,bill  ,to amend title #i of the       
,united ,states ,code to require that   
arbitration proceedings in certain      
disputes involving consumer financial   
products and services be open to the    
public4  #a4 ,short title ,this ,act may
 be cited as the ,arbitration           
,transparency ,act of #bjag4  #b4       
,amendments  7a7 ,arbitration ,title #i 
of the ,united ,states ,code is amended 
by inserting after section #b the       
following3  #b;a4 ,proceedings in       
disputes involving certain consumer     
financial products and services  7a7    
,proceedings open to the public         
,notwithstanding any other provision of 
law and notwithstanding the terms of a  
contract or written agreement for       
arbitration1 an arbitration proceeding  

under such contract or written agreement
 entered into by a consumer and a       
financial institution to arbitrate a    
future dispute that involves a consumer 
financial product or service shall be   
open to the public4  7b7 ,definitions   
,for purposes of this section3 7#a7     
,consumer ,the term consumer has the    
meaning given such term in section #ajjb
 of the ,consumer ,financial ,protection
 ,act of #bjaj4  7#b7 ,consumer         
financial product or service ,the term  
consumer financial product or service   
has the meaning given such term in      
section #ajjb of the ,consumer          
,financial ,protection ,act of #bjaj4   
7#c7 ,financial institution ,the term   
financial institution has the meaning   
given such term in section #ecab of     
title #ca4  4  7b7 ,conforming amendment
 ,chapter #a of title #i of the ,united 
,states ,code is amended in the table of
 sections by inserting after the item   
relating to section #b the following3   
#b;a4 ,proceedings in disputes involving

 certain consumer financial products and
 services4  4  #c4 ,effective ,date2    
application of amendment  7a7 ,effective
 date ,except as provided in subsection 
7b71 this ,act and the amendment made by
 this ,act shall take effect on the date
 of the enactment of this ,act4  7b7    
,application of amendment ,the amendment
 made by this ,act shall apply with     
respect to-- 7#a7 contracts and written 
agreements that are entered into before1
 on1 or after the date of the enactment 
of this ,act1 and  7#b7 arbitration     
proceedings that occur on or after such 
date4