H.R. 3624 · 116th Congress
Outsourcing Accountability Act of 2019
- Stage
- Passed a chamber
- Sponsor
- Cynthia Axne
- Introduced
- 2019-07-05
- Latest action
- 2019-10-21 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
Outsourcing Accountability Act of 2019
This bill requires an issuer that is registered with the Securities and Exchange Commission to disclose specified information related to the number of domestic and foreign employees of the issuer and its subsidiaries.
An issuer that is an emerging growth company (in general, a newly public company with revenues below a specified threshold) shall be exempt from the bill's disclosure requirement.