Congressional Digest

Congressional Digest December 2017 No. 10 Vol. 96
Honorable Mike Crapo

Suing the Banks

Arbitration Agreements vs. Class Action Lawsuits

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Honorable Mike Crapo

United States Senator, Idaho, Republican

Senator Crapo was first elected to the U.S. Senate in 1998. He served in the Idaho Sen­ate from 1984 to 1992 and in the U.S. House of Representatives from 1993 to 1999. He chairs the Banking Committee and sits on the following committees: Budget, Finance, Indian Affairs, and Judiciary. The following is from the October 24, 2017, Senate floor debate on H.J. Res. 111, disapproving the Consumer Financial Protection Bureau rule relating to arbitration agreements. We are having a very interesting and, obviously, intense debate tonight about arbitra­tion clauses in financial contracts. Those who oppose the resolution that is on…

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