Number: 07-09

May 20, 2009

Form LM-2 and Form LM-3 Rulemaking: Comment Period Extended

The Office of Labor-Management Standards (OLMS) will publish a notice in the Federal Register on May 21, 2009, extending the period for comments on the Notice of Proposed Rulemaking (NPRM) published on April 21, 2009 (74 FR 18172).

The April 21, 2009 NPRM proposed to rescind the final rule published on January 21, 2009 (74 FR 3677), which made several revisions to the current Form LM-2, used by the largest labor organizations to file their annual financial reports under the Labor-Management Reporting and Disclosure Act of 1959, as amended, and established a procedure by which the Secretary of Labor may revoke, under certain circumstances, a particular labor organization's authorization to file a simplified annual report, Form LM-3.  For more background on this rulemaking, please visit here.

The comment period for the proposed rescission of the January 21, 2009 final rule, which was to close on May 21, 2009, will now close on June 22, 2009.

For additional information, including how to submit comments on the proposal to rescind, please visit the Form LM-2 and Form LM-3 rulemaking page on the OLMS Web site at: http://www.dol.gov/OLMS/regs/compliance/lm2_lm3rule.htm.

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Last Updated: 07/10/09