Labor Department Revises Union Financial Disclosure Forms
Published Date: 6/1/2026
Rule
Summary
Starting July 1, 2026, big labor groups will fill out a longer financial report to boost transparency, while medium-sized groups get updated forms too. These changes help everyone see how union money is handled and apply only to fiscal years beginning after that date. If your labor organization handles $350,000 or more, get ready for clearer, more detailed reporting!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
New Long LM-2 Form for Largest Unions
Starting July 1, 2026, the Department of Labor establishes a longer Form LM-2 Long Form for the largest labor organizations so those unions must report more detailed annual financial information. The change is part of this final rule and applies prospectively to labor organizations whose fiscal years begin on or after July 1, 2026.
Revised LM-2 for $350,000+ Unions
If your labor organization has $350,000 or more in annual receipts, the rule requires filing a revised Form LM-2 with more detailed disclosures beginning for fiscal years that start on or after July 1, 2026. The Department states this revision is intended to provide additional information to union members, the Department, and the public to promote financial integrity and transparency.
Updated LM-3/LM-4 Filing Thresholds
The rule updates reporting thresholds and makes parallel revisions to Form LM-3 and Form LM-4 to account for inflation and to promote financial integrity and transparency. These threshold and form changes apply prospectively to labor organizations whose fiscal years begin on or after July 1, 2026.
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Key Dates
Department and Agencies
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