Friday, October 18, 2019

House Meets at… Votes Predicted at…
9:00 a.m. Legislative Business
Five “One Minutes” Per Side
First/Last Votes: 10:15 a.m. – 10:30 a.m.

 

ANY ANTICIPATED MEMBER ABSENCES FOR VOTES TODAY SHOULD BE REPORTED IMMEDIATELY TO THE OFFICE OF THE MAJORITY WHIP AT 6-3210.

Floor Schedule and Procedure:

H.R. 3624Outsourcing Accountability Act of 2019 (Rep. Axne – Financial Services)

This bill would help investors, the public, and policymakers understand the true magnitude of outsourcing and offshoring American jobs by requiring public companies to include in their public, annual reports the number of employees they and their subsidiaries have in each state and foreign country.

Click here for a fact sheet from the House Committee on Financial Services.

The Rule, which was adopted on Wednesday, provides for one hour of debate and makes in order the following amendments:

Huizenga Amendment
Exempts the vast majority of public companies from the bill’s disclosure, which would then only apply to smaller reporting companies, foreign private issuers, and registered investment companies for which conflict minerals are not necessary for their manufactured products. 

Hill (AR) Amendment
Negates the bill by allowing companies to opt out of the disclosures if they believe that the information is not material information for investors. 

QUOTE OF THE DAY:
“When we’re dancing with the angels, the question will be asked, in 2019, what did we do to make sure we kept our democracy intact?”

Elijah E. Cummings