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Subcommittee advances measure to register high‑volume arbitration providers
Summary
The panel advanced a bill requiring arbitration providers that administer more than 100 pre‑dispute arbitrations annually in Virginia to register with the State Corporation Commission and adopt impartial selection and disclosure rules; members debated the 100‑case threshold and the bill’s consumer scope.
The subcommittee reported a bill that would require arbitration providers conducting a high volume of pre‑dispute arbitrations in Virginia to register and meet conflict‑disclosure, impartial‑selection and transparency standards.
Sponsor testimony emphasized the bill covers pre‑dispute arbitration clauses in consumer contracts (for example,…
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