Labor-Management Standards Office July 2, 2007 – Federal Register Recent Federal Regulation Documents

Labor Organization Officer and Employee Report, Form LM-30
Document Number: 07-3155
Type: Rule
Date: 2007-07-02
Agency: Department of Labor, Office of Labor-Management Standards, Labor-Management Standards Office
The Employment Standards Administration's (``ESA'') Office of Labor-Management Standards (``OLMS'') of the Department of Labor (``Department'') publishes this Final Rule to revise the Form LM-30, Labor Organization Officer and Employee Report, its instructions, and related provisions in the Department's regulations. The Form LM-30 implements section 202 of the Labor-Management Reporting and Disclosure Act of 1959 (``LMRDA'' or ``Act''), 29 U.S.C. 432, whose purpose is to require officers and employees of labor organizations to report specified financial transactions and holdings to effect public disclosure of any possible conflicts between their personal financial interests and their duty to the labor union and its members. This rule clarifies the Form LM-30 and its instructions by explaining key terms and providing examples of the financial matters that must be reported, eliminates or modifies administrative exceptions in the old Form LM-30 that impeded the full disclosure of financial matters that constitute conflicts, or potential conflicts, of interest, and improves the usability of the reports by union members and the public.