LMSOProposed Rule
Filing Thresholds for Forms LM-2, LM-3, and LM-4 Labor Organization Annual Reports
Labor & WorkplaceFinance & Banking
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Summary
The federal government is proposing to change how much money labor unions need to handle before they have to file detailed financial reports with the government. This affects transparency about how unions spend their members' money and helps the Department of Labor oversee union finances properly.
Key Points
- 1The rule changes filing requirements for three types of union financial reports (Forms LM-2, LM-3, and LM-4) based on how much money unions receive or spend
- 2Unions above certain income thresholds must currently file detailed reports showing how they collect and spend money; this proposal may change those dollar amounts
- 3The change could mean some smaller unions file fewer reports while others might need to file more detailed ones, depending on the new thresholds set
- 4Union members, employers, and the general public use these reports to understand how union finances are managed and ensure accountability
- 5Public comment is being accepted until August 1, 2025, and anyone affected by union regulations can submit feedback on whether these changes are appropriate
Key Dates
Published
July 1, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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