The Office of Labor-Management Standards (OLMS) published a final rule rescinding the Form T–1 Trust Annual Report on December 30, 2021. The rescission rule became effective on January 31, 2022. See: https://www.govinfo.gov/content/pkg/FR-2021-12-30/pdf/2021-28266.pdf. See also Frequently Asked Questions regarding the rescission of the Form T-1.
The Form T-1 required annual reporting by Form LM-2 filing labor organizations on financial information pertinent to “trusts in which a labor organization is interested.” See: https://www.govinfo.gov/content/pkg/FR-2020-03-06/pdf/2020-03958.pdf; see also the correction notice published on March 30, 2020.
On May 27, 2021, OLMS published a notice of proposed rulemaking (NPRM) to rescind the Form T-1. See: https://www.govinfo.gov/content/pkg/FR-2021-05-27/pdf/2021-10975.pdf. The NPRM had a 60-day comment period that closed on July 26, 2021. OLMS also had announced, on March 29, 2021, that it would not seek to enforce the filing of a Form T-1 for one year from the date a labor organization’s first Form T-1 was due. See the OLMS Form T-1 filing advisory.
For Further Information: Contact OLMS via email at email@example.com or via phone at (202) 693-0123 (this is not a toll-free number). If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Last Updated: 2-11-22