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H.R. 1020, The Arbitration Fairness Act of 2009 (2 comments ↓ | 3 wiki edits)
H.R. 1020 would amend chapter 1 of title 9 of United States Code with respect to arbitration.
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Visitor Comments
Ginger Phelps
June 1, 2009, 3:23pm (report abuse)My husband and I would have bought a new vehicle except for being required to sign such an agreement. The dealerships say their insurance companies require this. Thus, the individual's 7th amendment rights have been violated, and the existing situation is unconstitutional. The deck is stacked heavily in favor of companies versus individuals in mandatory binding arbitration. At the same time, I believe too many lawsuits are filed for the good of this economy. Therefore, I would favor a stiff fine to any lawyer or individual who brings a case that is determined to be frivolous, and a fine against them if they lose. Perhaps a loss of the privilege to sue for a period of time, such as two years, could also be imposed. When an individual or company files bankruptcy, their assets should be followed indefinitely, and if they ever accrue enough above a certain level, they should be required to pay those whom they owe money before they are allowed to purchase any luxury item.
Marsha
October 26, 2009, 9:42am (report abuse)This act should also exempt churches and religious non profit organizations since mediation and arbitration of disputes are biblically mandated for Christians.