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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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
02/01/12
 
 
 
 
 
 
 

Sponsor

Representative

Gary Peters

D-MI

View Co-Sponsors (27)

Official Summary

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

Official Summary

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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