DOL Backs Off Bush-Era Union Finance Report Rule

Law360, New York (April 22, 2009, 12:00 AM EDT) -- The U.S. Department of Labor has decided to drop a regulation announced at the end of the Bush administration meant to ensure increased disclosure of labor union finances.

In a noticed published Tuesday in the Federal Register, the DOL proposed the withdrawal of a rule published Jan. 21 that would require unions to hand over more financial information about the sale of investments and compensation paid to officers and employees.

The rule was issued without an adequate review, and comments received by the DOL since then...
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