H.R.3216 - Outsourcing Accountability Act of 2017115th Congress (2017-2018)
|Sponsor:||Rep. McNerney, Jerry [D-CA-9] (Introduced 07/13/2017)|
|Committees:||House - Financial Services|
|Latest Action:||House - 07/13/2017 Referred to the House Committee on Financial Services. (All Actions)|
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Summary: H.R.3216 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (07/13/2017)
Outsourcing Accountability Act of 2017
This bill amends the Securities Exchange Act of 1934 to require registered securities issuers to disclose annually to the Securities and Exchange Commission 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.
Certain new public companies and issuers with total annual gross revenues of less than $1 billion during the most recently completed fiscal year shall be exempt from these requirements.