{"abstract":"The Department of Labor's Employment Standards Administration (ESA) is proposing to revise forms LM-2, LM-3, and LM-4, which are used by labor organizations to file the annual financial reports required under title II of the Labor-Management Reporting and Disclosure Act of 1959, as amended (LMRDA or Act) with ESA's Office of Labor-Management Standards (OLMS). The purpose of this reform is to improve the transparency and accountability of labor organizations to their members, the public, and the government; to increase the information available to members of labor organizations; and to make the data disclosed in such reports more understandable and accessible. The Department invites comment on this proposed rule and the revised forms, as well as on the instructions for filling out the forms. Some of the reforms proposed include requiring form LM-2 filers to file reports electronically (unless the labor organization claims a temporary hardship exemption or applies for and is granted a continuing hardship exemption), to identify \"major\" receipts and disbursements, and to allocate disbursements among several categories provided on the form. The proposal would also require all covered labor organizations to report the assets, liabilities, receipts, and disbursements of organizations with annual receipts of $200,000 or more that meet the statutory definition of a \"trust in which a labor organization is interested\" in order to ensure meaningful disclosure to union members and prevent the circumvention of the reporting requirements of title II. Finally, the proposal would make conforming changes, as described below, to the other labor organization annual financial reporting forms, form LM-3 and form LM-4, which are affected in limited ways. The Department invites comments with respect to the benefits of these changes, the ease or difficulty with which labor organizations will be able to comply, and whether the information that would be provided to union members, the public, and the government if these changes were implemented would be meaningful, useful, and in accordance with the purposes of the Act.","action":"Notice of proposed rulemaking; request for comments.","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Office of Labor-Management Standards","name":"Labor-Management Standards Office","id":274,"url":"https://www.federalregister.gov/agencies/labor-management-standards-office","json_url":"https://www.federalregister.gov/api/v1/agencies/274","parent_id":271,"slug":"labor-management-standards-office"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2002/12/27/02-32445.html","cfr_references":[{"chapter":null,"citation_url":null,"part":403,"title":29},{"chapter":null,"citation_url":null,"part":408,"title":29}],"citation":"67 FR 79280","comment_url":null,"comments_close_on":"2003-02-25","correction_of":null,"corrections":[],"dates":"Comments must be received on or before February 25, 2003.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"02-32445","effective_on":null,"end_page":79414,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2002/12/27/02-32445.xml","html_url":"https://www.federalregister.gov/documents/2002/12/27/02-32445/labor-organization-annual-financial-reports","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/02-32445?publication_date=2002-12-27","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2002-12-27/02-32445/mods.xml","not_received_for_publication":null,"page_length":135,"page_views":{"count":431,"last_updated":"2026-10-23 10:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2002-12-27/pdf/02-32445.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2002-12-27","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2002/12/27/02-32445.txt","regulation_id_number_info":{"1215-AB34":{"issue":"200304","html_url":"https://www.federalregister.gov/regulations/1215-AB34/labor-organization-annual-financial-reports","title":"Labor Organization Annual Financial Reports","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200304&RIN=1215-AB34&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["1215-AB34"],"regulations_dot_gov_info":{},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":79280,"subtype":null,"title":"Labor Organization Annual Financial Reports","toc_doc":"Labor organization annual financial reports","toc_subject":"Labor-management standards:","topics":["Labor unions","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":67}