The U.S. Department of Labor proposed rescinding a Trump-era rule that subjected union funds to stricter transparency requirements, a decision that the agency argued won’t hinder the federal government’s ability to deter corruption in organized labor.
The department’s Office of Labor-Management Standards published a proposal Wednesday to scrap the 2020 rule, which had required unions with at least $250,000 in annual receipts to disclose information about their credit unions, strike funds, apprenticeship programs, and any other trust they maintain.
Under Director Jeffrey Freund, one of the Biden administration’s earliest labor appointees, the agency halted enforcement of the rule in March ...