Bill against outsourcing jobs reintroduced in US Congress
DSIJ Intelligence / 03 Mar 2017

The bill aimed at making companies that move their call centres overseas ineligible for federal grants or guaranteed loans from the government, was reintroduced in the US Congress.
The bill aimed at making companies that move their call centres overseas ineligible for federal grants or guaranteed loans from the government, was reintroduced in the US Congress. The move is aimed at curbing the transfer of jobs to third world nations like India.
The legislation is similar to the bill introduced in 2013 that would have required disclosure of a call centre location to consumers, along with the option to transfer to a domestic call centre.
As per the bill, the US Call Centre and Consumer Protection Act would deter companies from shipping American jobs overseas. The motive of the bill is to encourage US companies to shift their base back to the country.
The bill has provision that make these companies ineligible for federal grants or guaranteed loans. At the same time, it would require overseas call centres to disclose their locations to customers, and would require them to comply with US consumers' request to be transferred to a service agent physically located in the US.
The Indian IT sector’s outsourcing projects may get impacted due to this bill in future. However, IT index is trading at 10472 with a gain of 0.3 per cent on an intra-day basis.If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.