,,ib  ,union ,cal5d> ,no4 #agc  #aaf?   
,,congress  #a/ ,session  ,h4 ,r4 #cfbd 
,report ,no4 #aaf-bbj  ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,july #e1 #bjai   
,mrs4 ,axne 7= h]self & ,mr4 ,mc,nerney7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,f9ancial ,s]vices   
,octob] #d1 #bjai ,report$ ) an am5dm5t1
 committ$ to ! ,committee ( ! ,:ole     
,h\se on ! ,/ate ( ! ,union1 & ord]$ to 
be pr9t$ ,/rike out all aft] ! enact+   
clause & ins]t ! "p pr9t$ 9 italic ,=   
text ( introduc$ bill1 see copy ( bill z
 introduc$ on ,july #e1 #bjai  ,a ,,bill
  ,to am5d ! ,securities ,ex*ange ,act (
 #aicd to require ! disclosure ( ! total
 numb] ( dome/ic & =eign employees (    
c]ta9 public companies1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,outs\rc+ ,acc\ntability   
,act ( #bjai4  #b4 ,requir$ disclosure (
 numb] ( dome/ic & =eign employees      
,section #ac ( ! ,securities ,ex*ange   
,act ( #aicd 7#ae ,u4,s4,c4 #ghm7 is    
am5d$ by add+ at ! end ! foll[+3  7s7   

,disclosure ( numb] ( dome/ic & =eign   
employees  7#a7 ,def9ition ,9 ?is       
subsection1 ! t]m cov]$ subsidi>y means1
 ) respect to an issu]1 any subsidi>y ( 
su* issu] t is-- 7,a7 a consolidat$     
subsidi>y2 or  7,b7 a subsidi>y )       
respect to :i* ! issu] acc\nts = !      
inve/m5t ( ! issu] 9 ! subsidi>y us+ !  
equity me?od ( acc\nt+4  7#b7           
,disclosure ,requirem5t ,except )       
respect to an em]g+ gr[? company1 beg9n+
 9 ! fir/ full fiscal ye> t beg9s aft] !
 date ( ! enactm5t ( ?is subsection1 ea*
 issu] t is requir$ to file a report ) !
 ,commission pursuant to subsection 7a7 
%all disclose 9 su* report--  7,a7 !    
total numb] ( employees ( ! issu] & any 
cov]$ subsidi>y ( ! issu] :o are        
domicil$ 9 ! ,unit$ ,/ates--  7i7       
disaggregat$ by ,/ate1 ,di/rict (       
,columbia1 commonweal?1 t]ritory1 or    
possession ( ! ,unit$ ,/ates2 &  7ii7   
comp>$ us+ a p]c5tage *ange calculation 
to any su* total report$ by ! issu] 9 ! 
mo/ rec5t annual report ( ! issu]2  7,b7

 ! total numb] ( employees ( ! issu] :o 
physically "w 9 & are domicil$ 9 any    
c\ntry o!r ?an ! ,unit$ ,/ates--  7i7   
disaggregat$ by c\ntry2 &  7ii7 comp>$  
us+ a p]c5tage *ange calculation to any 
su* total report$ by ! issu] 9 ! mo/    
rec5t annual report ( ! issu]2 &  7,c7 !
 total numb] ( employees ( any cov]$    
subsidi>y ( ! issu] :o physically "w 9 &
 are domicil$ 9 any c\ntry o!r ?an !    
,unit$ ,/ates--  7i7 disaggregat$ by    
c\ntry2 &  7ii7 comp>$ us+ a p]c5tage   
*ange calculation to any su* total      
report$ by ! issu] 9 ! mo/ rec5t annual 
report ( ! issu]4  7#c7 ,rulemak+ ,!    
,commission may issue su* rules z !     
,commission consid]s necess>y to        
implem5t ?is subsection4  4  ,octob] #d1
 #bjai ,report$ ) an am5dm5t1 committ$  
to ! ,committee ( ! ,:ole ,h\se on !    
,/ate ( ! ,union1 & ord]$ to be pr9t$