The Union Transparency and Accountability Act strengthens disclosure requirements for labor unions by requiring them to file detailed annual financial reports using specific forms that were in effect as of 2009-2010, detailing finances, trust arrangements, and officer compensation. The bill establishes new civil penalties for unions that fail to meet transparency obligations, allowing fines of up to $250 per day (capped at $45,000 annually, adjusted for inflation) for violations, and permits unions to be sued by members for up to $250 per day for withholding required information. It also grants the Department of Labor expanded enforcement authority to pursue injunctions and civil fines, with the Labor Secretary having up to 30 days to cure violations before penalties apply. Additionally, the bill protects union employees from retaliation for reporting violations or participating in related proceedings. The legislation affects all labor unions required to file financial disclosure reports and creates a private right of action for union members seeking access to financial information.
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