Form LM-2

Form LM-2 is filed with the Office of Labor-Management Standards (OLMS) by unions in the United States that details how a union spent funds in the past year.[1] It is the most detailed report labor organizations are required to file.[2]

History

Form LM-2, along with several other forms, was developed by the OLMS to fulfill the Labor Management Reporting and Disclosure Act of 1959 reporting requirements.[2] In 2002, the OLMS rewrote parts of LM-2 in an effort to increase transparency.[3] Since 2005, all organizations have been required to file the form electronically.[4]

References
  1. "DOL Moves to Force Greater Financial Transparency for Unions (1)". news.bloomberglaw.com. Retrieved 2021-06-04.
  2. "Rescission of Form T-1, Trust Annual Report; Requiring Subsidiary Organization Reporting on the Form LM-2, Labor Organization Annual Report; Modifying Subsidiary Organization Reporting on the Form LM-3, Labor Organization Annual Report; LMRDA Coverage of Intermediate Labor Organizations; Final Rule". Federal Register. 2010-12-01. Retrieved 2021-06-04.
  3. Lund, John; Roovers, Benjamin J. (2008-09-01). "Through the Looking Glass: Does the Labor Department's New Form LM-2 Really Deliver Greater Transparency?". Labor Studies Journal. 33 (3): 309–329. doi:10.1177/0160449X07307525. ISSN 0160-449X. S2CID 145418178.
  4. "Information Collection Request; comment request". Federal Register. 2019-12-23. Retrieved 2021-06-04.
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