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Office of Labor-Management Standards (OLMS)
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Labor Organization Annual Financial Reports: Notice of Proposed Rulemaking and Request for Comments
Note: On June 19, 2008 OLMS published a notice extending the comment period, which was to expire on June 26, 2008, to July 11, 2008.
Federal Register Notice HTML | PDF
The Office of Labor-Management Standards (OLMS) on May 12, 2008 published a Notice of Proposed Rulemaking (NPRM) to (1) make several revisions to the current Form LM-2 that will provide additional information on labor union sales and purchases of investments and fixed assets and disbursements to officers and employees (Form LM-2 Schedules 3, 4, 11 and 12), and add itemization schedules corresponding to categories of receipts, and (2) establish a procedure and standards by which the Secretary of Labor may revoke for a limited time a particular labor organization’s privilege to file the simplified Form LM-3, where appropriate, after investigation, due notice, and opportunity for a hearing. The proposed changes are made pursuant to section 208 of the Labor-Management Reporting and Disclosure Act (“LMRDA”). The proposed rule will apply prospectively.
Federal Register Notice HTML | PDF
Comments must be received on or before June 26, 2008.
You may submit comments, identified by RIN 1215-AB62, only by the following methods:
Internet – Federal eRulemaking Portal. Electronic comments may be submitted through www.regulations.gov. To locate the proposed rule, use key words such as "Labor-Management Standards" or "Labor Organization Annual Financial Reports" to search documents accepting comments. Follow the instructions for submitting comments. Please be advised that comments received will be posted without change to www.regulations.gov, including any personal information provided.
Mail: Mailed comments should be sent to:
Kay H. Oshel
Director of the Office of Policy, Reports and Disclosure
Office of Labor-Management Standards
U.S. Department of Labor
200 Constitution Avenue NW, Room N-5609
Washington, DC 20210
Because of security precautions the Department continues to experience delays in U.S. mail delivery. You should take this into consideration when preparing to meet the deadline for submitting comments.
OLMS recommends that you confirm receipt of your mailed comments by contacting (202) 693-0123 (this is not a toll-free number). Individuals with hearing impairments may call (800) 877-8339 (TTY/TDD).
Only those comments submitted through www.regulations.gov, hand-delivered, or mailed will be accepted.
Comments will be available for public inspection during normal business hours at the above address.
Last Updated: 06/19/08
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