Unions Get Simpler U.S. Financial Report as Obama Reverses Bush
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The U.S. Labor Department will issue a final rule tomorrow simplifying financial disclosures for unions, reversing standards adopted in the Bush administration that labor leaders said are too cumbersome.
The form for reporting a union’s finances will be two pages, down from nine in effect since 2007 under President George W. Bush, the Labor Department said today in a statement. The Obama administration proposed a shorter form in 2009 after unions said the reporting process was too intrusive, time consuming and burdensome.