Yeah ... these measures don't really address the underlying issue of scumbag executives. They're just going to find another way to pay for cheap labor, e.g., shifting revenue to countries with cheap labor. This move may actually expedite a major shift of software engineering to other countries. In turn, it could help improve other countries' infrastructure creating a positive feedback loop for outsourcing.

Unintended consequences caused by government regulation.

Actual offshoring is a lot more difficult to manage than H1B candidates who sit in your office.

For the former, the big names are well versed in churning out billable hours regardless of actual work performed. The 11-12 hour time difference can sometimes be a boon, but more often than not leads to both your remote and local employees being unhappy. Local employees because they're asked to stay late or come in early, and remote employees because access to transit is more difficult if only US business hours are an option.