The U.S. Labor Department has finalized its decision to rescind a Trump-era rule that subjected union strike funds, apprenticeship programs, and other trusts to stricter transparency requirements.
The department’s Office of Labor-Management Standards released a final rule Wednesday to scrap the 2020 regulation, which had required unions with at least $250,000 in annual receipts to disclose information about multiple forms of trusts they maintain, including labor-management cooperation committees.
Under Director Jeffrey Freund, the office halted enforcement of the rule in March, before unions faced a deadline to start submitting the new “Form T-1" disclosures the regulation had mandated.
The ...
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