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
References
- "DOL Moves to Force Greater Financial Transparency for Unions (1)". news.bloomberglaw.com. Retrieved 2021-06-04.
- "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.
- 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.
- "Information Collection Request; comment request". Federal Register. 2019-12-23. Retrieved 2021-06-04.