The biggest labor unions must now show more of their money
What happened
The US Labor Department is making new, longer financial reporting forms for labor organizations. This means the largest unions will have to disclose more detailed financial information to their members and the public.
Why it matters
For years, labor unions have reported their finances on standard forms. This rule means the biggest unions must now use a much longer form. Union members and the public will get a clearer picture of how these organizations spend their money.
The signal
Watch for complaints from labor organizations about the increased administrative burden, or for new investigations based on the newly available data.