H.R. 2952: Start Applying Labor Transparency Act

This bill, titled the **Start Applying Labor Transparency Act** or **SALT Act**, proposes amendments to the Labor-Management Reporting and Disclosure Act of 1959. Its primary aim is to enhance transparency regarding financial transactions between labor organizations and employees or consultants during collective bargaining processes.

Key Provisions of the Bill

• Financial Reporting Requirements for Labor Organizations: The bill requires labor organizations to file reports with the Secretary of Labor regarding any payments, loans, or agreements made to employees (or groups of employees) from employers. This stipulation applies when these financial dealings are intended to influence employees concerning their rights to organize or bargain collectively. Specifically, reports must detail:
  • The date and amount of each financial transaction.
  • The name, address, and position of the recipient.
  • The circumstances surrounding the transaction, including targeted employers and the locations of their facilities.
• Regulation of Labor Relations Consultants: The bill also mandates that if a labor relations consultant or other independent contractors receive payments related to persuading employees on their bargaining rights or to supply information about employees' activities in labor disputes, they must file similar reports. This applies to arrangements made either directly or indirectly that involve payments or loans.
• Detailed Reporting by Individuals: Individuals receiving payments to persuade employees regarding their bargaining rights must file reports containing:
  • The name under which they operate and their business address.
  • A detailed statement of the terms and conditions of their agreements.
  • An annual statement of their receipts and disbursements related to labor relations advice or services.
• Timeframe for Reporting: Reports must be filed within thirty days of entering into any relevant agreements or arrangements, and an annual report is required for each fiscal year during which payments were received.
• Regulatory Timeline: The Secretary of Labor is required to issue necessary regulations to implement these amendments within six months of the bill's enactment.

Purpose of the Bill

The intent behind these amendments is to ensure that employees have full knowledge of any financial relationships that may influence their rights to organize and bargain collectively. By increasing transparency, the legislation aims to combat any undue influence that payments or agreements may have on employee decisions in labor relations.

Implementation Details

Once enacted, the Secretary of Labor will play a crucial role by creating regulations that will specify how these new reporting requirements should be carried out, ensuring clarity and compliance from labor organizations and related consultants.

Relevant Companies

None found.