Charlie Langton talked to Congressman Gary Peters about his new bill, The Outsourcing Accountability Act, which Peters said would bring transparency to public companies with revenues over a billion dollars.
They would have to disclose whether they are shipping jobs overseas. The bill would force companies to report how many employees they have and where they are employed- broken down by country, so consumers and investors could make more informed decisions about the companies they are doing business with or investing in.
According to Peters, this could be important information for public policy discussions as well to see if companies that assert that they are creating jobs for tax breaks are actually creating American jobs. Is this bill common sense, free market transparency? And could this bill, if people boycott companies that ship jobs overseas, hurt companies based in the U.S. resulting in layoffs in the U.S.?
Listen to the interview: Gary Peters Interview