NLPC Petition to the Department of Labor to Initiate a Rulemaking with respect to the Labor-Management Reporting and Disclosure Act of 1959
May 20, 2002
TABLE OF CONTENTS

Introduction

I. Background of Union Financial Reporting and Disclosure

A.Intent of Congress
B.Deterrence under the LMRDA’s Reporting and Disclosure Provisions
C.Relevant Statutory Provisions
D.Relevant Regulatory Provisions
II. The Need for Financial Reporting and Disclosure Reform
A. Argument for Reform
B. Reporting Violations Data in Support of Reform
C. Union Embezzlement Data in Support of Reform
D. Case Source Data in Support of Reform
III. Reporting and Disclosure Reforms to “Enhance Union Transparency, Increase Information Available to Union Members, and Better Inform Union Members of Their Rights”
A. Improving the Timely Filing of Annual Financial Reports
 
B. Revising Annual Financial Reports
 
C. Creating Financial Standards for Annual Financial Reports
 
D. Publishing Annual Financial Reports on the Internet
 
E. Notifying Members about Annual Financial Reports
Conclusion
 

Exhibit A

Exhibit B

Exhibit C