,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #gij  ,,in ,,the ,,house ,,of   
,,representatives  ,february #ae1 #bjac 
,mr4 ,peters of ,michigan 7for himself1 
,mr4 ,bishop of ,new ,york1 and ,mr4    
,mc,nerney7 introduced the following    
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,securities       
,exchange ,act of #aicd to require the  
disclosure of the total number of a     
company's domestic and foreign          
employees4  #a4 ,short title ,this ,act 
may be cited as the ,outsourcing        
,accountability ,act of #bjac4  #b4     
,required disclosure of number of       
domestic and foreign employees ,section 
#ac of the ,securities ,exchange ,act of
 #aicd 7#ae ,u4,s4,c4 #ghm7 is amended  
by adding at the end the following new  
subsection3  7s7 ,disclosure of number  
of domestic and foreign employees  7#a7 
,in general ,beginning the first full   
fiscal year that begins after the date  
of enactment of this subsection1 each   

issuer required to file reports with the
 ,commission pursuant to subsection 7a7 
shall disclose annually to the          
,commission and to shareholders--  7,a7 
the total number of employees of the    
issuer and each consolidated subsidiary 
of the issuer who are domiciled in the  
,united ,states and listed by number in 
each ,state2  7,b7 the total number of  
such employees physically working in and
 domiciled in any country other than the
 ,united ,states1 listed by number in   
each country2 and  7,c7 the percentage  
increase or decrease in the numbers     
required under subparagraphs 7,a7 and   
7,b7 from the previous reporting year4  
7#b7 ,exemptions  7,a7 ,newer public    
companies ,an issuer shall not be       
subject to the requirement under        
paragraph 7#a7 for the first #e years   
after the issuer is first required to   
file reports with the ,commission       
pursuant to subsection 7a74  7,b7       
,smaller companies ,an issuer that had  
total annual gross revenues of less than

 #a1jjj1jjj1jjj during its most recently
 completed fiscal year shall not be     
subject to the requirement under        
paragraph 7#a74  7#c7 ,regulations ,the 
,commission may promulgate such         
regulations as it considers necessary to
 implement the requirement set forth in 
paragraph 7#a74  4