The U.S. Department of Labor has finalized a new rule that will significantly revise the annual financial reporting requirements for labor organizations under the Labor-Management Reporting and Disclosure Act (LMRDA). While some changes are relatively straightforward, others – particularly for larger unions – will require substantial preparation, new recordkeeping practices, and enhanced reporting of financial transactions.
The new requirements affect filing thresholds, reporting categories, officer and employee disclosures, travel and lodging reporting, and, for the largest organizations, extensive new schedules and itemization requirements. Although the rule applies only to fiscal years beginning on or after July 1, 2026, now is the time for unions to begin evaluating how these changes may impact their reporting and internal processes.
Click here to read our full advisory and detailed analysis of the new LM reporting requirements, including which organizations are affected and steps you should begin taking now.
We will also provide a brief overview of these important developments during our 14th Annual National Labor Union Conference (June 25), including practical considerations for compliance and preparation.
