Corruption Sparked DIsclosure Law
According to the Heartland Institute:
In 1959, after extensive hearings into labor union corruption, Congress enacted the Labor-Management Reporting and Disclosure Act (LMRDA), also known as the Landrum-Griffin Act. Among other things, the act required labor unions to file annual financial reports with the U.S. Department of Labor.
The original union financial disclosure forms required by LMRDA, LM-2, provided little information of real value and for all practical purposes were inaccessible to most union members...click to continue