US SB3392 | 2011-2012 | 112th Congress

Status

Sponsorship: Moderate Partisan Bill (Democrat 8-1)
Status: Introduced on July 17 2012 - 25% progression, died in committee
Action: 2012-07-17 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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 employed by the issuer or any consolidated subsidiary of it; (2) the total number of such employees domiciled in any country other than the United States and employed by the issuer or any consolidated subsidiary, listed by number in each country; and (3) the percentage increase or decrease in such numbers required to be disclosed from the previous reporting year. Exempts from such requirements an issuer that is an emerging growth company.

Tracking Information

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Title

Outsourcing Accountability Act of 2012

Sponsors


History

DateChamberAction
2012-07-17SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Same As/Similar To

HB3875 (Related) 2012-02-09 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

Subjects


US Congress State Sources


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