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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.
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Introduced :
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Wed, Feb 1, 2012
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Sponsor :
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Status :
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introduced Wed, Feb 1, 2012
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May-12
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0 Total Hits For All Bills
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Co-Sponsors
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Actions
| Date | Type | Description | Result |
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1/1/0001
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action
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Referred to the House Committee on Financial Services.
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Rolls
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Committee Assignments
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Subject Terms
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Related Legislative
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Amendments
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Titles Assigned
| Type | AS | Title |
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short
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introduced
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Outsourcing Accountability Act of 2012
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official
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introduced
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To amend the Securities Exchange Act of 1934 to require the disclosure of the total number of a company's domestic and foreign employees.
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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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