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H. Rept. 116-220 1 (2019-10-04)

handle is hein.congrecreports/crptxacqe0001 and id is 1 raw text is: 116TH CONGRESS I 1st Session J HOUSE OF REPRESENTATIVES REPORT 116-220 OUTSOURCING ACCOUNTABILITY ACT OF 2019 OCTOBER 4, 2019.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Ms. WATERS, from the Committee on Financial Services, submitted the following REPORT together with MINORITY VIEWS [To accompany H.R. 3624] [Including cost estimate of the Congressional Budget Office] The Committee on Financial Services, to whom was referred the bill (H.R. 3624) to amend the Securities Exchange Act of 1934 to require the disclosure of the total number of domestic and foreign employees of certain public companies, and for other purposes, hav- ing considered the same, report favorably thereon with an amend- ment and recommend that the bill as amended do pass. CONTENTS Page Purpose and Sum m ary ........................................................................................... 2 Background and Need for Legislation ................................................................... 2 Section-by-Section A nalysis ................................................................................... 3 H e a rin g s ................................................................................................................... 3 C om m ittee C onsideration ....................................................................................... 4 C om m ittee V otes ...................................................................................................... 4 Statement of Oversight Findings and Recommendations of the Committee ...... 6 Statement of Performance Goals and Objectives .................................................. 6 New Budget Authority and CBO Cost Estimate .................................................. 6 Com m ittee Cost E stim ate ....................................................................................... 8 U nfunded M andate Statem ent ............................................................................... 8 A dvisory C om m ittee ............................................................................................... 8 Application of Law to the Legislative Branch ...................................................... 8 E arm ark Statem ent ................................................................................................ . 8 Duplication of Federal Program s ........................................................................... 8 Changes to E xisting L aw ....................................................................................... 8 99-006 AUTHENTICATEO U.S. GOVERNMENT INFORMATION Op