US HB3811 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on October 22 2015 - 25% progression, died in committee
Action: 2015-10-22 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Outsourcing Accountability Act of 2015 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. 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.

Tracking Information

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Title

Outsourcing Accountability Act of 2015

Sponsors


History

DateChamberAction
2015-10-22HouseReferred to the House Committee on Financial Services.
2015-10-22HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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