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H.R. 3875

BillFederalHouseIn Committee
Outsourcing Accountability Act of 2012
About This Bill
Committee
Latest Action · February 9, 2012
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Congress
112th (2011–2013)
Introduced
February 1, 2012
Cosponsors (27)
27D 0R
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Summary

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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.

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