House Votes Down Rep. Peters' Amendment to Outsourcing Bill

The Bloomfield Township Democrat denounces the 'lockstep' response to his and several other amendments in a bipartisan-supported bill designed to incentivize American jobs.

Legislation introduced by U.S. Rep. Gary Peters (D-Bloomfield Township) last month to keep tabs on large American-based multinational corporations was voted down in the House on Thursday morning.

Peters denounced the "lockstep" vote after the Outsourcing Accountability Act of 2012 (HR 3875) was voted down, 230-175. It was shot down along with several other pieces of legislation introduced by Democrats as amendments to HR 3606, a bipartisan-supported bill designed to further incentivize the creation of American jobs.

"House Republicans voted in lockstep to protect corporate outsourcers by preventing consumers from having the information they need to support companies that create American jobs," Peters said in a statement. "The families I represent in Michigan have felt the impact of outsourcing for years and House Republicans are wrong to deny them the opportunity to support companies that create American jobs."

Peters' bill introduced with two Democratic co-sponsors in February would require firms with revenues of more than $1 billion to report how many employees they have in the United States broken down by state; jobs abroad would have to be broken down by country. Currently, public filings disclose the current number of employees in a given company. 

The bill was added as an amendment to HR 3606 along with several others after that bill, known as the the Jumpstart Our Business Startups (JOBS) Act, was approved 54-1 in committee. The bill is designed to provide "emerging growth companies" (EGCs) with relief from regulation expected of a more mature enterprise in order to encourage those companies to offer public stock. 

President Obama issued a statement in support Tuesday (PDF).

Amendments approved by voice vote Wednesday included one from Rep. Mike McIntyre (D-NC), which would change the definition of EGCs so it adjusts for inflation. 

Peters' office said that the overall bill 3606 passed Thursday.

Jon Ruthenbeck March 15, 2012 at 10:01 PM
Wow...I love seeing all this discontent with Peters. I wonder were it was when the people of the 9th District elected him. I surely hope that when November rolls around there are more of us who stand up for what we know to be right and vote all those that are trying to destroy this country out of office.
Linda P March 16, 2012 at 11:33 AM
I read an editorial today where Peters was cited as objecting to both the emergency manager and Snyder consent agreement for Detroit ...when asked what he would do instead he is quoted as saying...get more jobs for Detroit.....wow..gee.. Gary can that happen by April 1st? Ummmm let's all vote for Gary he's got a great plan. ...this guy makes even the strong sick.
Alisa Mendis July 06, 2012 at 01:17 AM
Hey, Now a days we people are getting more involve with outsourcing. The important thing is you have to be a bit more serious. Cause it has to be done in correct way. I really appreciate your writing. You wrote really nice. Thanks for sharing this article. <a href="http://www.microqube.com/">MicroQube</a>
Debra L. Van Buren February 18, 2013 at 05:53 PM
I am discouraged by the result of U.S. Rep. Gary Peters' Amendment. I think we need to keep better tabs on large, multinational corporations. It doesn't surprise me, however, that the House Republicans shot it down. Maybe it necessitates too much red tape. At any rate, I believe consumers and investors need to know more about outsourcing. Moreover, there is little doubt that emerging growth companies could use a break (i.e. relief from regulation).
Mark Itall February 18, 2013 at 09:38 PM
Year old news.


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