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house Bill H.R. 3624

Should Publicly-Traded Companies Disclose Their Employees’ Locations in Annual Reports to Curb Outsourcing?

Argument in favor

Requiring publicly-traded companies to disclose their employees’ locations will give American customers and investors better information on their outsourcing practices. This transparency will allow American customers who want to buy from companies that hire American workers identify and patronize those companies.

jimK's Opinion
···
10/18/2019
Yes, this is a valuable thing to do. I disagree with the argument that a company’s primary purpose is to deliver value to it’s shareholders. I believe that a company’s primary purpose is to deliver valued products and services- and also make appropriate business decisions to do so economically. The objectives of returns to shareholders and providing valued goods/services are complementary but are not the same. If a company ‘wins’ by developing better products and services instead of using its resources to buy political favor, destroy competitors or abandon its workforce for cheaper labor- the company and the all of the rest of us benefit. The notion that a company’s primary goal is to make money is the underlying cause of the collapse of many of our once giant industry leaders and why so many ‘better’ products and services that were developed here now come to us from overseas. Company long term growth and stability is often sacrificed for this year’s profitability. Valued stakeholders, such as a skilled workforce and a valued customer base, don’t carry the same weight as the financial shareholders interested in nearer term results in many publicly traded companies. The allocation of resources offshore is a factor that should be considered in light of how this effects valued stakeholders other than just the financial markets. It isn’t that doing things outside of this country is necessarily bad but it needs to be part of the overall picture that defines what a public company is and how it does business.
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burrkitty's Opinion
···
10/18/2019
Corporations are amoral constructs and operate entirely on profit motive. Public knowledge is the key to changing consumer behaviors. Hit them in the pocketbook. That’s what matters to corporations. CORPORATIONS ARE NOT PEOPLE.
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Jeanne's Opinion
···
10/13/2019
Bring jobs BACK to the US! This "outsourcing" is just another way of cheating citizens of jobs, cheating the US out of taxes and filling corporate pockets>> Corporations should be paying TAXES>>> NO "tax breaks" for ANYONE taking jobs out of the country>> Americans have a right to know where their jobs are going and which corporations are stealing from them>>
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Argument opposed

Unfairly demonizing companies for making smart decisions that deliver value for shareholders, which is their primary responsibility, is bad for business and the economy. These disclosures wouldn’t tell the full story about why companies outsource certain jobs, and could discourage companies from going public.

JTJ's Opinion
···
10/18/2019
This is not the job of the federal government. The government can’t run its own business, much less regulate Wall Street.
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Ronald's Opinion
···
10/17/2019
Out sources is bad for companies, and Our Federal Government. This is a bad idea to end a bad idea. Free Americans, and American Companies for this sort of enslavement by regulation.
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KyleCorley's Opinion
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10/18/2019
That is private information and can put their employees at danger due to stalkers or exes who want to hurt them.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed October 18th, 2019
    Roll Call Vote 226 Yea / 184 Nay
      house Committees
      Committee on Financial Services
    IntroducedJuly 5th, 2019

Log in or create an account to see how your Reps voted!

Bill Activity

  • IntroReferral
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Floor
    Motion to reconsider laid on the table Agreed to without objection.
  • Floor
    On passage Passed by the Yeas and Nays: 226 - 184 (Roll no. 567).
  • Floor
    The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
  • Floor
    The previous question was ordered pursuant to the rule.
  • Floor
    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3624.
  • Floor
    POSTPONED PROCEEDINGS - At the conclusion of debate on the Hill (AR) amendment, the Chair put the question on the amendment and by voice vote, announced that the noes had prevailed. Mr. Hill (AR) demanded a recorded vote and the Chair postponed further proceedings on agreeing to the amendment until a time to be announced.
  • Floor
    DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Hill (AR) amendment No. 2.
  • Floor
    POSTPONED PROCEEDINGS - At the conclusion of debate on the Huizenga amendment, the Chair put the question on the amendment and by voice vote, announced that the noes had prevailed. Mr. Huizenga demanded a recorded vote and the Chair postponed further proceedings on agreeing to the amendment until a time to be announced.
  • Floor
    DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Huizenga amendment No. 1.
  • Floor
    GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3624.
  • Floor
    The Speaker designated the Honorable Joe Neguse to act as Chairman of the Committee.
  • Floor
    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 629 and Rule XVIII.
  • Floor
    Rule 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.
  • Floor
    On passage Passed by the Yeas and Nays: 226 - 184 (Roll no. 567). (text: CR H8237-8238)
  • Floor
    Considered under the provisions of rule H. Res. 629.
  • Floor
    Considered under the provisions of rule H. Res. 629. (consideration: CR H8233-8242)
  • Floor
    Rule H. Res. 629 passed House.
  • Floor
    Rules Committee Resolution H. Res. 629 Reported to House. Rule 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.
  • Calendars
    Placed on the Union Calendar, Calendar No. 173.
  • Committee
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-220.
  • Committee
    Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25.
  • Committee
    Committee Consideration and Mark-up Session Held.
  • IntroReferral
    Referred to the House Committee on Financial Services.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed October 18th, 2019
    Roll Call Vote 226 Yea / 184 Nay
      house Committees
      Committee on Financial Services
    IntroducedJuly 5th, 2019

Log in or create an account to see how your Reps voted!
    Yes, this is a valuable thing to do. I disagree with the argument that a company’s primary purpose is to deliver value to it’s shareholders. I believe that a company’s primary purpose is to deliver valued products and services- and also make appropriate business decisions to do so economically. The objectives of returns to shareholders and providing valued goods/services are complementary but are not the same. If a company ‘wins’ by developing better products and services instead of using its resources to buy political favor, destroy competitors or abandon its workforce for cheaper labor- the company and the all of the rest of us benefit. The notion that a company’s primary goal is to make money is the underlying cause of the collapse of many of our once giant industry leaders and why so many ‘better’ products and services that were developed here now come to us from overseas. Company long term growth and stability is often sacrificed for this year’s profitability. Valued stakeholders, such as a skilled workforce and a valued customer base, don’t carry the same weight as the financial shareholders interested in nearer term results in many publicly traded companies. The allocation of resources offshore is a factor that should be considered in light of how this effects valued stakeholders other than just the financial markets. It isn’t that doing things outside of this country is necessarily bad but it needs to be part of the overall picture that defines what a public company is and how it does business.
    Like (98)
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    This is not the job of the federal government. The government can’t run its own business, much less regulate Wall Street.
    Like (12)
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    Corporations are amoral constructs and operate entirely on profit motive. Public knowledge is the key to changing consumer behaviors. Hit them in the pocketbook. That’s what matters to corporations. CORPORATIONS ARE NOT PEOPLE.
    Like (39)
    Follow
    Share
    Bring jobs BACK to the US! This "outsourcing" is just another way of cheating citizens of jobs, cheating the US out of taxes and filling corporate pockets>> Corporations should be paying TAXES>>> NO "tax breaks" for ANYONE taking jobs out of the country>> Americans have a right to know where their jobs are going and which corporations are stealing from them>>
    Like (36)
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    I don’t know anyone who isn’t aggravated when a customer service rep doesn’t understand what you say because English isn’t their native tongue! It’s a pain to have to explain what you said because the listener doesn’t “understand” English; knowing how to pronounce a word does not mean you understand what it means!
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    Haven't heard a good argument against transparency yet.
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    Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.” A Lincoln
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    The opposing argument is in the same vein as trickle down economics which has been proven to be a fallacy. We need corporations to be accountable for their business practices and this bill would assist in doing that. Let's stop pandering to big business and those in the corporate elite at the expense of everyone else.
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    Companies are firing employees and outsourcing the jobs, therefore, they do not have to pay dental, hospitalization or retirement. The company they outsource to will hire part time workers, therefore, they don't have to pay dental, hospitalization or retirement. Notice a pattern?
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    Why not? The public deserves to know where a company’s employers are from, especially if the company is publicly traded.
    Like (9)
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    We give all these big business the free ride and they take advantage of every loophole they can of course they should make public that there pretending to have employees here when they don’t it’s time to make them show if they are true Americans!
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    If they trade as a public company open the door and show every thing so a buy knows what he is getting
    Like (8)
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    Out sources is bad for companies, and Our Federal Government. This is a bad idea to end a bad idea. Free Americans, and American Companies for this sort of enslavement by regulation.
    Like (8)
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    I am increasing not using companies that outsource jobs. I want complete transparency. I don’t care about shareholder profits.
    Like (7)
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    YES, absolutely!!! If a business wants to sell or operate in the U.S. market, U.S. consumers should have the right to know how many, if any, of the employees actually work (and therefore spend) in the United States. I don’t want to give my money to companies that sell out the American economy.
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    That is private information and can put their employees at danger due to stalkers or exes who want to hurt them.
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    Sure Why not? As long as the White House and staff break the law on a daily basis without consequences not sure how we plan to enforce anything
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    We should know if companies have jobs in other countries.
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    I’m a shareholder. I’m a retired person of a monster corporation. Why is transparency ever a bad thing? Isn’t this the American Way? Shouldn’t this be how Capitalism behaves in a democracy?
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    Companies who want to share this information can and should, and those who choose not to should also have that choice. Let the market decide how valuable transparency and nationalism are without resorting to coercion.
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