ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 3624, Outsourcing Accountability Act of 2019   [open pdf - 33KB]

This is the Congressional Budget Office Cost Estimate as ordered reported by the House Committee on Financial Services on July 16, 2019. From the Document: "H.R. 3624 would require public companies to annually disclose the number of people they employ in the United States (disaggregated by state) and in each foreign country. Emerging growth companies would be exempt from that requirement. Using information from the Securities and Exchange Commission (SEC), CBO [Congressional Budget Office] estimates that implementing H.R. 3624 would cost less than $500,000 over the 2019-2024 period to issue new rules and process the new disclosures. Because the SEC is authorized to collect fees each year to offset its annual appropriation, CBO expects that any net change in discretionary spending over the 2019-2024 period would be negligible, assuming appropriation actions consistent with that authority."

Publisher:
Date:
2019-09-04
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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