New Jobs Bill to Curb Outsourcing

A new jobs bill has been proposed, which will make it mandatory for U.S companies to disclose the number people employed abroad. The sponsor of the bill is Rep. Gary Peters, a Democrat from Michigan. Until now, companies disclosed the number of people on their payrolls in entirety, but never broke-down the data. The new bill will ask companies to provide information regarding the number of employees Country-wise, in the U.S; the information will have to be provided State-wise.

Within the framework of the current rules, huge multi-national corporations like Apple and IBM have kept such data confidential. The Outsourcing Accountability Act, H.R. 3875 would direct firms with revenue over 1 Billion to classify such data. Companies would also have to keep a track of the increase or decrease in percentage of jobs.


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