The Labor Management Reporting and Disclosure Act (LMRDA) requires unions to file financial reports with the Department of Labor (DOL) and make these reports available to members to provide them information necessary to govern their unions. For most of the time since the LMRDA's enactment, LM-2 reports were poorly designed and inaccessible to members and the public. However, in 2002 DOL made LM-2 forms available online and proposed rulemaking to substantially reform union reporting requirements. I identify major problems with the law's current reporting requirements, briefly critique DOL's proposed rulemaking, and suggest additional steps to improve LMRDA financial reporting.
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Volume (Year): 26 (2005) Issue (Month): 1 (January) Pages: 135-154 Download reference. The following formats are available: HTML
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