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DOL/ESA RIN: 1215-AB34 Publication ID: Spring 2003 
Title: Labor Organization Annual Financial Reports 
Abstract: This regulation will revise Form LM-2, which is used by labor organizations with $200,000 or more in annual receipts to file the annual financial reports required under title II of the Labor-Managment Reporting and Disclosure Act of 1959 (LMRDA). The proposed revisions will improve the transparency and accountability of labor organizations to their members, increase the information available to labor organization members, and make data disclosed in such reports more understandable and accessible. Among other things, unions filing the revised Form LM-2 will be required to report electronically (unless granted an exemption), to identify "major" receipts and disbursements, to allocate disbursements among categories such as contract negotiation and administration, organizing, political activity, lobbying, etc., and to report receipts and disbursements of organizations that meet the statutory definition of a "trust in which a labor organization is interested" on a new Form T-1. 
Agency: Department of Labor(DOL)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 29 CFR 402    29 CFR 403    29 CFR 458   
Legal Authority: 29 USC 431    29 USC 438    5 USC 7120(d)    22 USC 4117(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/27/2002  67 FR 79280   
NPRM Comment Period End  03/27/2003    
Final Rule  09/00/2003    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Organizations  Federalism: No 
Included in the Regulatory Plan: No 
Agency Contact:
Don Todd
Deputy Assistant Secretary, Office of Labor-Management Standards Employment Standards Administration
Department of Labor
Employment Standards Administration
Room N5605, 200 Constitution Avenue NW., FP Building,
Washington, DC 20210
Phone:202 693-0122
TDD Phone:800 877-8339
Fax:202 693-1340
Email: olms-public@dol.gov