DOL Unwinds Trump Rule That Upped Union Financial Oversight (1)

The U.S. Labor Department will stop enforcing and move to repeal a Trump administration rule that imposed heightened financial disclosure requirements on certain labor unions.

DOL’s Office of Labor-Management Standards said Monday that its new non-enforcement policy will be followed by a proposal to rescind the 2020 rule—marking the latest in a series of Biden administration moves championed by unions.

The 2020 final rule established new reporting mandates for many unions regarding their strike funds, apprenticeship programs, and other trusts—a level of transparency the Trump administration said was necessary to deter malfeasance but that organized labor viewed as a ...