Congressman Francis Rooney’s statement on the Union Transparency and Accountability Act
Washington, D.C.- Today, Congressman Francis Rooney released the following statement regarding introduction of the Union Transparency and Accountability Act.
Congressman Rooney stated, “Transparency within unions is critical to root out corruption and hold union bosses accountable. Unfortunately, the Obama Administration repealed rules that increased financial transparency within unions to protect workers from misuse of their dues. I am introducing the Union Transparency and Accountability Act to reinstate rules which will require unions and their leaders to submit detailed financial disclosures to prevent fraud and embezzlement.
“Further, I am encouraged that a priority in President Trump’s FY ’19 budget proposal is holding unions accountable. The Union Transparency and Accountability Act would assist in achieving the goal of protecting union members and empowering them to hold their local unions accountable.”
The Union Transparency and Accountability Act would codify and restore rules that were eliminated by the Obama Administration. These transparency measures apply to union trust funds, officers’ compensation packages, and potential conflicts of interest. Further, the bill includes protections for union employees who report misconduct.