Union Transparency and Accountability Act

The Union Transparency and Accountability Act requires labor organizations (unions) to file detailed annual financial reports with the Department of Labor using specific forms that were current as of certain dates in the past (2007-2009). It establishes civil fines of up to $250 per day (with a $45,000 annual cap) for unions that fail to provide financial information to members or file required reports on time. The bill also adds whistleblower protections, making it unlawful for unions to retaliate against employees who report violations of the law. These requirements apply to all unions required to file financial reports under the Labor-Management Reporting and Disclosure Act of 1959. The law aims to increase transparency in union financial operations while providing enforcement mechanisms for compliance.