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In 1935, Congress passed the National Labor Relations Act (\u201cNLRA\u201d), making clear that it is the policy of the United States to encourage collective bargaining by protecting workers' full freedom of association.
Certain employers must file a Form LM-10 to report, among other areas, agreements with consultants \u2013 and other payments and expenditures \u2013 made to persuade employees concerning their organizing and collective bargaining rights or to surveil the activities of employees and unions involved in a labor dispute with such ...
The Labor-Management Reporting and Disclosure Act (LMRDA) grants certain rights to union members and protects their interests by promoting democratic procedures within labor organizations.
OLMS' history dates back to the September 14, 1959 passage of the Labor-Management Reporting and Disclosure Act of 1959, as amended (LMRDA), which was enacted by Congress to ensure certain basic standards of democracy and fiscal responsibility in labor organizations representing employees in private industry.
Employers must file a Form LM-10 to disclose any: Payments and loans made to any union or union official, other than payments of the kind referred to in section 302(c) of the Labor Management Relations Act, 1947, and payments and loans in the regular course of business by insurance companies and credit institutions.
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The LMRDA, also referred to as the Landrum-Griffin Act, was signed into law on September 14, 1959. This landmark legislation promotes democracy and combats corruption within unions through requirements such as annual public financial disclosures and periodic secret ballot elections.
Unions must also file annual financial reports (Forms LM-2, LM-3, or LM-4) with OLMS each year, disclosing their assets, liabilities, receipts and disbursements, and parent unions must file reports (LM-15, LM 15(A), and LM-16) if they place a subordinate union in trusteeship.
Every labor organization subject to the LMRDA, CSRA, or FSA with total annual receipts of $250,000 or more must file Form LM-2.
OLMS' history dates back to the September 14, 1959 passage of the Labor-Management Reporting and Disclosure Act of 1959, as amended (LMRDA), which was enacted by Congress to ensure certain basic standards of democracy and fiscal responsibility in labor organizations representing employees in private industry.
To provide for the reporting and disclosure of certain financial transactions and administrative practices of labor organizations and employers, to prevent abuses in the administration of trusteeships by labor organizations, to provide standards with respect to the election of officers of labor organizations, and for ...

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