Increased Union Financial Transparency, Accountability, and Whistleblower Protection.
This law mandates stricter financial reporting for labor unions, requiring them to use specific, detailed forms to disclose their finances and related trusts. It introduces significant daily civil fines (up to $250 per day) if unions fail to provide these financial records to their members upon request. Crucially, it establishes new protections for union employees who report legal violations, safeguarding them against retaliation.
Key points
Unions must file detailed financial reports (Forms LM-2 and T-1), increasing transparency regarding how funds are spent.
Union members gain stronger rights to access financial records; refusal can result in fines up to $250 per day for the union.
New protections are established for union employees (whistleblowers) who report misconduct, preventing discrimination or termination.
The Secretary of Labor gains authority to impose civil fines (up to $45,000 total) for late or incomplete financial filings.
Status:
Expired
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