Union financial disclosure rule rescinded

Unions with annual revenues exceeding $250,000 are required to file a detailed financial disclosure document, the LM-2, annually. The document requires disclosure of information on income and disbursements, including salaries and expenses paid to union officers and employees. The prior administration had promulgated a rule requiring changes to the form mandating more detailed disclosure. The current administration rescinded the new rule. The lengthy and interesting explanation for the rescission is here.