Consumer and Employee Arbitration Bill of Rights

Consumer and Employee Arbitration Bill of Rights - Amends Federal arbitration law to require an arbitration clause in a consumer or employment contract to: (1) have a printed heading in bold, capital letters; (2) explicitly state whether participation in arbitration is mandatory or optional; (3) identify a source that a consumer can contact for additional information concerning the arbitration process; and (4) provide notice that all parties retain the right to resolve a dispute in a small claims court for a claim of less than $50,000. Entitles each party under arbitration to: (1) competence and neutrality of the arbitrator and the administrative process; (2) representation by an attorney and a fair arbitration hearing; (3) the right to present evidence, cross examine witnesses, and obtain a record of the proceedings; and (4) timely resolution, with a written explanation.