A statute enacted in 1925 that provides the basic legal principles applicable to arbitration in the US (9 USC §§ 1-16; 9 USC §§ 201-208; 9 USC §§ 301-307). Binding arbitration clauses in long-term care facility contracts.The Federal Arbitration Act ("FAA") as conceived in 1925 was intended to facilitate. The Federal Arbitration Act or FAA, is an act of Congress that provides for non-judicial facilitation of private dispute resolution through arbitration. The topics include arbitrator selection, applicable law (procedural and substantive), the interplay between mediation and arbitration, effective use of arbitral. Congress passed the Federal Arbitration Act (FAA), ch. Initially, the Supreme Court observed that the Federal Arbitration Act treats arbitration agreements like all other contracts. 1 To the act of July 9, 1976 (No. Only upon the grounds specified in the Federal Arbitration Act. Arbitration Act, 9 U.S.C. §§ 1-307 (the "FAA"), which "was enacted in 1925 to.