Outsourcing Accountability Act of 2019

Floor Speech

BREAK IN TRANSCRIPT

Mr. McNERNEY. Mr. Chairman, I thank Chairwoman Waters and Representative Axne for bringing forth this legislation, H.R. 3624.

I have to admit that I don't really understand the ranking member's objection to this legislation. As Americans continue to struggle in an economy where too many corporations value profits over people, this legislation grew out of the idea that consumers should know about the choices their companies are making so they can determine how to use their purchasing power.

H.R. 3624 would require a publicly traded company to disclose the number of employees working in the United States and abroad and to report the differences from year to year.

Too many Americans find themselves out of work because the companies they have put their faith and hope for the future in decided to ship their jobs out of this country without a thought for the workers and communities they leave behind. As these companies look for short-term gains through outsourcing, they neglect the long-term damage that this practice does to our economy and to our country.

This legislation would bring real transparency at a time when consumers are becoming increasingly conscious about where they spend and invest their money.

Mr. Chairman, I ask my colleagues to join me in supporting this bill.

BREAK IN TRANSCRIPT

Source