Bush's union transparency rules retracted under Obama

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March 11, 2010

Bush's union transparency rules retracted under Obama
Posted by Staff

The Obama administration promised increased transparency in government but has rolled back rules proposed by the Bush administration that expanded the financial disclosure statements required of labor unions and their leaders.

Since President Obama took office, the Labor Department has rescinded or delayed three sets of rules proposed by the George W. Bush administration that would have required unions and their leaders to more specifically detail their finances, according to a review of records by The Washington Times.

The rules were rolled back while the Obama administration was seeking more stringent regulation of corporate America, including banks, insurance companies, health care providers and publicly traded companies.

The proposed Bush rules would have required labor unions to identify from whom they were buying and selling assets, forced union leaders and employees to file more detailed conflict-of-interest forms, and required unions to reveal the finances of hundreds of so-called labor trusts - largely unregulated entities set up to provide benefits for members.

Former Labor Secretary Elaine L. Chao, one of the architects of the expanded Bush rules, said the Obama administration is "making a mockery of the regulations" and is giving "preferential treatment" to the unions.

"This administration is not enforcing laws on union transparency and democracy," Ms. Chao told The Times. "They are telling unions that they don't have to comply."...

03/11/10 9:56 AM

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