H.R. 3875 · 112th Congress
Outsourcing Accountability Act of 2012
- Stage
- In committee
- Sponsor
- Gary Peters
- Introduced
- 2012-02-01
- Latest action
- 2012-02-09 · Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
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 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.