Summary: H.R.790 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.790. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/15/2013)

Outsourcing Accountability Act of 2013 - 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.