DOL to Extend Union Financial Reporting Comment Period 30 days

Just five days after the 30-day extension was signed and only one day before the comment period was scheduled to end; the Department of Labor allowed the public to know that it plans to extend the comment period regarding Labor Secretary Solis’ rescission decision concerning current LM-2, Union Financial Disclosure Reports.  These reports would have helped expose where billions in forced union dues are going.  Remember, you have only 31 more days to plead for retention of union transparency — make your comments count. 

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).  See link.

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: link.

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