U.S. Congress - H.R.3875 Outsourcing Accountability Act of 2012
H.R.3875 - Outsourcing Accountability Act of 2012
To amend the Securities Exchange Act of 1934 to require the disclosure of the total number of a company's domestic and foreign employees. view all titles (2)
All Bill Titles
- Short: Outsourcing Accountability Act of 2012 as introduced.
- Official: To amend the Securities Exchange Act of 1934 to require the disclosure of the total number of a company's domestic and foreign employees. as introduced.
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Official Summary
2/1/2012--Introduced.Outsourcing Accountability Act of 2012 - Amends the Securities Exchange Act of 1934 to require registered securities issuers to disclose annually to the Securities and Exchange Commission (SEC) and to shareholders: (1) the total number of employees domiciled in the UniOfficial Summary
2/1/2012--Introduced.Outsourcing Accountability Act of 2012 - Amends the Securities Exchange Act of 1934 to require registered securities issuers to disclose annually to the Securities and Exchange Commission (SEC) and to shareholders:(1) the total number of employees domiciled in the United States and listed by number in each state (including those of consolidated subsidiaries);
(2) the total number of such employees physically working in and domiciled in any country other than the United States, listed by number in each country; and
(3) the percentage increase or decrease in such numbers from the previous reporting year. Exempts from such requirements:
(1) certain new public companies, and
(2) issuers with total annual gross revenues of less than $1 billion during the most recently completed fiscal year.
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Organizations Supporting H.R.3875
- International Federation of Professional and Technical Engineers
Organizations Opposing H.R.3875
- None via MapLight at this time.
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