Labor Management Accountability Act

The Labor Management Accountability Act (H.R. 993) would grant the Secretary of Labor the authority to impose financial penalties on labor unions and employers who fail to comply with federal reporting and disclosure requirements. These requirements typically involve the filing of financial reports, constitutions, bylaws, and details regarding securities or trusteeships.

Under this bill, the size of the penalty would be determined by a set schedule that considers the severity of the violation, the entity's past record, and its total revenue. To ensure fairness, the legislation prohibits the government from issuing penalties without first providing the accused party with written notice and a formal opportunity to be heard. If enacted, the bill would aim to increase transparency in labor-management relations by creating a direct financial consequence for failing to disclose required organizational and financial information.