1. Short title This Act may be cited as the Overseas Outsourcing Accountability Act . 2. National Strategy to Prevent Overseas Outsourcing (a) Development of strategy Beginning on January 20, 2017, the President, in coordination with appropriate agencies as necessary, shall develop a comprehensive national strategy to prevent United States employers from overseas outsourcing and offshoring practices that impact the United States workforce. Such strategy shall— (1) delineate quantifiable short-term and long-term goals for preventing such overseas outsourcing and offshoring practices; (2) describe specific actions to be taken to achieve such goals and the means necessary to do so; and (3) identify new authorities or changes in existing authorities, including recommendations for necessary legislation. (b) Reports (1) Initial submission of strategy Not later than April 20, 2017, the President shall submit the strategy and any accompanying report materials to Congress. (2) Subsequent reports Not less than once every 2 years after the date on which the President submits the strategy pursuant to paragraph (1), the President shall submit a report to Congress which shall include— (A) a description of the progress toward the goals described in subsection (a)(1), including the status of the implementation or completion of the actions described in subsection (a)(2); and (B) an assessment of the impact of these actions and policies on— (i) the retention of United States employers in the United States; (ii) the retention of jobs for workers in the United States; and (iii) the United States economy as a whole.