H.R.3875 - Outsourcing Accountability Act of 2012112th Congress (2011-2012)
|Sponsor:||Rep. Peters, Gary C. [D-MI-9] (Introduced 02/01/2012)|
|Committees:||House - Financial Services|
|Latest Action:||House - 02/09/2012 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3875 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in House (02/01/2012)
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.