Outsourcing Accountability Act of 2019
Latest action · Oct 21, 2019 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 5, 2019
- Passed HouseOct 18, 2019
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Recorded votes 3
Newest first. Open one to see how every member voted.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jul 5, 2019.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Jerry McNerney | Original | Jul 5, 2019 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 5, 2019Markup Jul 16, 2019Reported Oct 4, 2019 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Oct 21, 2019 |
Actions 23
Everything that happened, newest first.
- Oct 21, 2019Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Oct 18, 2019Considered under the provisions of rule H. Res. 629. (consideration: CR H8233-8242)
- Oct 18, 2019Rule provides for consideration of H.R. 1815 and H.R. 3624 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
- Oct 18, 2019House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 629 and Rule XVIII.
- Oct 18, 2019The Speaker designated the Honorable Joe Neguse to act as Chairman of the Committee.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H8233–H8242Text printed H8237Amendments H8238, H8239Recorded votes H8240, H8241, H8242enactHill of Arkansas amendment (require compliance if it is considered material information for investors)Huizenga amendment (exempt companies if they are required to make chief executive officer pay ratio or conflict minerals disclosures) | Bill Huizenga R-MI (amendment), Carolyn B. Maloney D-NY, Cynthia Axne D-IA, J. French Hill R-AR (amendment), Jerry McNerney D-CA, Maxine Waters D-CA, Patrick T. McHenry R-NC | Oct 18, 2019 |
| House | Debate and remarks H8154–H8157Text printed H8154Amendments H8157Recorded votes H8163, H8164consideration (H. Res. 629), previous questionDeclaratory Statements H8201 | Mark DeSaulnier D-CA, Rob Woodall R-GA (amendment) | Oct 16, 2019 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Sep 5, 2019H.R. 3624, Outsourcing Accountability Act of 2019As ordered reported by the House Committee on Financial Services on July 16, 2019
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 112, July 5, 2019, page H5272.
Amendments 2
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| HAmdt 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. | Bill Huizenga R-MI | On agreeing to the Huizenga amendment (A001) Failed by recorded vote: 184 - 229 (Roll no. 565). |
| HAmdt 632 | Amendment sought to require disclosure of the information under the bill only if that information is material information for investors. | J. French Hill R-AR | On agreeing to the Hill (AR) amendment (A002) Failed by recorded vote: 187 - 224 (Roll no. 566). |
Related bills 2
Companion bills and other measures the record links to this one.
Titles 5
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Securities Exchange Act of 1934 to require the disclosure of the total number of domestic and foreign employees of certain public companies, and for other purposes.
- Short Title(s) as Introduced
- Outsourcing Accountability Act of 2019
- Short Title(s) as Reported to House
- Outsourcing Accountability Act of 2019
- Short Title(s) as Passed House
- Outsourcing Accountability Act of 2019
- Short Titles from RFS (Referred to Senate) bill text
- Outsourcing Accountability Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Oct 21, 2019Referred in Senate
- Oct 18, 2019Engrossed in House
- Oct 4, 2019Reported in House
- Jul 5, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
