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US Department of Labor finalizes rule protecting union workers

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WASHINGTON – The U.S. Department of Labor today announced a final rule that increases financial transparency for unions regulated by the Labor-Management Reporting and Disclosure Act of 1959 and enhances union worker protections.  Issued by the department’s Office of Labor-Management Standards, the final rule modernizes the reporting requirements of the Form LM-2, an annual financial disclosure form which larger labor organizations use to report their financial conditions and operations under the act. The final rule also creates an enhanced Form LM-2 Long Form for the nation’s largest labor organizations and increases filing thresholds for Forms LM-2, LM-3, and LM-4 to alleviate burden on

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