H.R. 3875 (112th): Outsourcing Accountability Act of 2012

Introduced:
Feb 01, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Gary Peters [D-MI9]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 790 on Feb 15, 2013. See H.R. 790 for current action on this subject.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on February 1, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 01, 2012
Referred to Committee Feb 01, 2012
Cosponsors
27 cosponsors (27D) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Securities Exchange Act of 1934 to require the disclosure of the total number of a company's domestic and foreign employees.

Summary

No summaries available.

Text

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Last updated Feb 01, 2012.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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