DOL Proposes Rule To Shrink LMRDA 'Advice' Exemption

Law360, New York (June 20, 2011, 3:10 PM EDT) -- The U.S. Department of Labor announced on Monday a proposed rule narrowing the "advice" exemption to the Labor-Management Reporting and Disclosure Act's reporting requirements, to combat what the DOL calls "significant underreporting" of employer and consultant persuader agreements.

The proposed rule will be published in the Federal Register on Tuesday, and the deadline for public comments is Aug. 22, according to the DOL. Section 203 of the LMRDA requires the disclosure of agreements or arrangements between employers and labor relations consultants under which the consultant undertakes...
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