,,ii  #aafth ,,congress  #ast ,session  
,s4 #ahdc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #ac1     
#bjai,mr4 ,peters 7for himself1 ,mr4    
,reed1 ,mr4 ,brown1 ,mrs4 ,feinstein1   
and ,ms4 ,stabenow7 introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,securities       
,exchange ,act of #aicd to require the  
disclosure of the total number of       
domestic and foreign employees of       
certain public companies1 and for other 
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,outsourcing        
,accountability ,act of #bjai4  #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 following3  7s7
 ,disclosure of number of domestic and  
foreign employees  7#a7 ,definition ,in 
this subsection1 the term covered       

subsidiary means1 with respect to an    
issuer1 any subsidiary of the issuer    
that is-- 7,a7 a consolidated           
subsidiary2 or  7,b7 a subsidiary with  
respect to which the issuer accounts for
 the investment of the issuer by using  
the equity method of accounting4  7#b7  
,requirement ,except as provided in     
paragraph 7#c71 beginning in the first  
full fiscal year that begins after the  
date of enactment of this subsection1   
each issuer that is required to file a  
report with the ,commission under       
subsection 7a7 shall disclose annually  
to the ,commission and to shareholders  
of the issuer--  7,a7 the total number  
of employees of the issuer and covered  
subsidiaries with respect to the issuer 
who are domiciled in the ,united        
,states1 listed by number in each       
,state2  7,b7 the total number of       
employees of the issuer who physically  
work in and are domiciled in any country
 other than the ,united ,states1 listed 
by number in each country2  7,c7 the    

total number of employees of covered    
subsidiaries with respect to the issuer 
who physically work in and are domiciled
 in any country other than the ,united  
,states1 listed by the number of        
employees at each such covered          
subsidiary in each such country2 and    
7,d7 as compared with the previous      
reporting year1 the percentage amount by
 which the numbers described in         
subparagraphs 7,a71 7,b71 and 7,c7      
increased or decreased with respect to  
the applicable number4  7#c7 ,exemption 
for emerging growth companies ,an       
emerging growth company shall not be    
subject to paragraph 7#b74  7#d7 ,rules 
,the ,commission may promulgate such    
rules as the ,commission considers      
necessary to implement the requirement  
under paragraph 7#b74  4