The Chamber testified before the Committee on Finance on June 22, 2016 in opposition of the proposed arbitration ordinance, finding that prohibiting arbitration agreements would incite an additional challenge that is particularly consequential for small businesses. 

“The proposed ordinance is of great concern because of its broad reach to chill a wide variety of businesses, both large and small, from utilizing arbitration as an efficient, fair, and equitable way to resolve disputes with employers and consumers,” said Michael Reever, Vice President of Government Relations at the Chamber. “Especially from the small business perspective – the elimination of fair, efficient and equitable use of arbitration would ensure that those small businesses could face potentially, devastating litigation that they are financially unequipped to handle and could result in financial ruin.”

Click here to read Reever’s full testimony on the arbitration ordinance.