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HR 3875 112th Congress House Finance and Financial Sector Business records Corporate finance and management Financial services and investments Foreign and international corporations Securities Unemployment

Outsourcing Accountability Act of 2012

Introduced: February 1, 2012 Introduced by: Peters, Gary C. Democratic · Michigan See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 9, 2012
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Feb 1, 2012
Referred to the House Committee on Financial Services.
Feb 1, 2012
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now February 9, 2012

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 4