Bloomberg Law
Sept. 30, 2020, 6:44 PMUpdated: Sept. 30, 2020, 8:30 PM

DOL Moves to Force Greater Financial Transparency for Unions (1)

Ian Kullgren
Ian Kullgren

The Labor Department has proposed a rule to require certain unions to list more financial information in annual disclosure forms.

The proposal, the latest in a series of Trump administration moves aimed at bolstering union oversight, would increase disclosure requirements for the wealthiest unions, with a particular focus on those that take in $8 million or more a year. It aims to increase transparency in labor organization financial reporting to make it harder for improper or illegal spending to take place.

The rule, released Wednesday, directly cites as motivation the largest union scandal in decades—the widespread corruption ring involving ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.