Enforcement of Union Funds’ Transparency is Long Overdue
According to the Hill.com:
In 1959, the Labor-Management Reporting and Disclosure Act (LMRDA) passed with the support of a large bipartisan majority of Congress, including Sen. John F. Kennedy, who cosponsored the legislation. The law sought financial transparency and accountability in unions for the benefit of union members. The model for this is the Securities and Exchange Commission, which enforces public corporation transparency and accountability standards for the benefit of shareholders.
Many critical provisions of the 1959 union disclosure law were hardly enforced, if they were enforced at all, until the current decade when the Department of Labor instituted easy online filing and began implementing the law as was intended 50 years ago. Union members are now getting the clearest-ever look at where their dues money is going with the establishment of www.unionreports.gov...click to continue
