Proposed regulations would require unions to open books, report more financial detail

Associated Press ^ | 12-20-02 | LEIGH STROPE, AP Labor Writer

[Oldeconomybuyer]

WASHINGTON (AP) -- The Bush administration is trying to pry open the books of labor unions to get much more detailed financial information in the annual reports they have to file with the government.

Labor Department officials said Friday they are revamping reporting requirements for the first time in more than 40 years to force the largest unions to specify how much they spend on contract negotiations and administration, organization, strike benefits, general overhead, political activities and lobbying, and to identify those expenses.

[Oldeconomybuyer]

CFR Hardball.

[Libertarianize the GOP]

http://www.freerepublic.com/perl/bump-list

[TheLion]

This will sure put a crimp in the DNC budget. Imagine the unions having to account for all the money they use for political purposes!

[rellimpank]

--long overdue. I challenge any union to disclose as much as a corporation does on a 410K form--

[mallardx]

This is sweet news! Pubs get no support from unions; and unions are so gd corrupt they need to be put under the microscope. Their accounting cost claims are ridiculous. They're solely trying to cover their behinds with these fuzzy accounts.

[cryptical]

Labor Department investigations of union financial fraud result in an average of 11 criminal convictions a month, with more than 640 convictions over the past five years.

So when are the RICO indictments being filed?

[hsmomx3]

The Educrats are going to have a fit over this one.

[Oldeconomybuyer]

Speaking of long overdue, when are the Feds going to take a look at Jesse Jackson's books?

[Karsus]

But GWB will still do NOTHING about J. Jackson's unitimized tax returns...