HR 3216 · 115th Congress · Finance and Financial Sector

Outsourcing Accountability Act of 2017

Introduced 2017-07-13· Sponsored by Rep. McNerney, Jerry [D-CA-9]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2017-07-13)

Plain Language Summary

[AI summary unavailable — showing source text] Outsourcing Accountability Act of 2017 This bill 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. Certain new public companies and issuers with total annual gross revenues of less than $1 billion during the most recently completed fiscal year shall be exempt from these requirements.…

Summarized by Claude AI · Non-partisan · For informational purposes only