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HR 3624 - Outsourcing Accountability Act of 2019 - National Key Vote

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Title: Outsourcing Accountability Act of 2019

Vote Smart's Synopsis:

Vote to pass a bill that requires corporations to disclose outsourced job numbers and locations to the Securities and Exchange Commission (SEC).

Highlights:

 

  • Requires each corporation that is required to file a report with the SEC to disclose the following information in a report (Sec. 2):

    • The total number of employees of the corporation and any covered subsidiary of the corporation who are residing in the United States:

      • Disaggregated by state, District of Columbia, commonwealth, territory, or possession of the US; and 

      • Compared using a percentage change calculation to any such total reported by the corporation in the most recent annual report;

    • The total number of employees of the corporation who physically work in and are residing in any country other than the US, disaggregated by country and compared using a percentage change calculation to any such total reported by the corporation in the most recent annual report; and 

    • The total number of employees of any covered subsidiary of the corporation who physically work and reside in any country other than the US, disaggregated by country and compared using a percentage change in calculation to any such total reported by the corporation in the most recent annual report.

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