S.3392 - Outsourcing Accountability Act of 2012112th Congress (2011-2012)
|Sponsor:||Sen. Brown, Sherrod [D-OH] (Introduced 07/17/2012)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||07/17/2012 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
This bill has the status Introduced
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Subject — Policy Area:
- Finance and Financial Sector
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Summary: S.3392 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in Senate (07/17/2012)
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 employed by the issuer or any consolidated subsidiary of it; (2) the total number of such employees domiciled in any country other than the United States and employed by the issuer or any consolidated subsidiary, listed by number in each country; and (3) the percentage increase or decrease in such numbers required to be disclosed from the previous reporting year.
Exempts from such requirements an issuer that is an emerging growth company.