Filing Thresholds for Forms LM-2, LM-3, and LM-4 Labor Organization Annual Reports

1 organizations filed 1 public comment on Filing Thresholds for Forms LM-2, LM-3, and LM-4 Labor Organization Annual Reports, at the LMSO. The comment window closed 362d ago.

Abstract

The Department proposes to revise reporting thresholds under the Labor-Management Reporting and Disclosure Act (LMRDA) to account for inflation, easing reporting burdens on labor organizations. Currently, labor organizations must file the more detailed Form LM-2 if their total annual receipts exceed $250,000. This proposed rule would raise the Form LM-2 threshold to $450,000, allowing unions with total receipts below this to file simpler Form LM-3. Similarly, the Form LM-3 threshold would rise from $10,000 to $25,000. The Department’s proposal would update the two decades old filing thresholds, reducing burden while maintaining needed transparency.

Commenters (1)

• U.S. Chamber of Commerce

  1 filing · confidence 97%