On Friday last week, the Labor Department sent a rule to the White House for final review that would require union intermediaries, such as state and local branches and trusts formed under a union’s name, to discloses their finances to the Office of Labor-Management Standards. This financial reporting would include strike funds, training funds, credit unions, etc.
While Democrats view the measure as anti-union, the Department of Labor has stated the new rule will support “the labor organization’s own interests as a democratic institution and the interests of the public and the government.”
Read more about the new rule at Politico Pro here.
