March 5, 2020
U.S. Department of Labor Announces Final Rule To Increase Financial Transparency for Unions
WASHINGTON, DC – The U.S. Department of Labor’s Office of Labor-Management Standards (OLMS) today announced a final rule to establish the “Form T-1” Trust Annual Report that requires unions to file annual financial reports concerning their trusts. These annual reports will increase the financial transparency of unions and ensure that members have access to information about their union’s financial transactions. The Federal Register will publish the final rule on March 6, 2020.