Bill Sponsor
House Bill 3624
116th Congress(2019-2020)
Outsourcing Accountability Act of 2019
Active
Amendments
Active
Passed House on Oct 18, 2019
Overview
Text
Introduced
Jul 5, 2019
Latest Action
Oct 21, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3624
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Iowa
Democrat
California
House Votes (1)
Senate Votes (0)
checkPassed on October 18, 2019
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Yea-And-Nay
Roll Number
567
House Roll Call Votes
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.

Text (4)
October 21, 2019
October 18, 2019
October 4, 2019
Amendments (2)
Oct 18, 2019
Not Agreed to in House
1
Sponsorship
House Amendment 632
Amendment sought to require disclosure of the information under the bill only if that information is material information for investors.
Active
Oct 18, 2019
Not Agreed to in House
1
Sponsorship
House Amendment 631
Amendment sought to exempt issuers from making additional disclosures if they are required to make a CEO pay ratio disclosure or disclosures relating to conflict minerals.
Active
Public Record
Record Updated
Nov 1, 2022 1:49:44 PM