Labor Organization Annual Financial Reports for Trusts in Which a Labor Organization Is Interested, Form T-1; Correction

• Published date: 30 March 2020
• Citation: 85 FR 17500
• Record Number: 2020-06079
• Section: Rules and Regulations
• Court: Labor Department,Labor-management Standards Office

Federal Register, Volume 85 Issue 61 (Monday, March 30, 2020)

[Federal Register Volume 85, Number 61 (Monday, March 30, 2020)]
                [Rules and Regulations]
                [Pages 17500-17502]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2020-06079]
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                DEPARTMENT OF LABOR
                Office of Labor-Management Standards
                29 CFR Part 403
                RIN 1245-AA09
                Labor Organization Annual Financial Reports for Trusts in Which a
                Labor Organization Is Interested, Form T-1; Correction
                AGENCY: Office of Labor-Management Standards, Department of Labor.
                ACTION: Final rule; correction.
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                SUMMARY: The Department of Labor, Office of Labor-Management Standards
                is correcting a final rule that appeared in the Federal Register of
                March 6, 2020. That document revised the forms required by labor
                organizations under the Labor-Management Reporting and Disclosure Act
                (``LMRDA'' or ``Act''). Under the rule, specified labor organizations
                file annual reports (Form T-1 Trust Annual Report) concerning trusts in
                which they are interested. The Form T-1 Instructions published with the
                final rule, however, provided inaccurate examples concerning the
                applicability dates of the final rule. This document corrects those
                omissions.
                DATES: Effective April 6, 2020.
                FOR FURTHER INFORMATION CONTACT: Andrew Davis, Chief of the Division of
                Interpretations and Standards, Office of Labor-Management Standards,
                U.S. Department of Labor, 200 Constitution Avenue NW, Room N-5609,
                Washington, DC 20210, (202) 693-0123 (this is not a toll-free number),
                (800) 877-8339 (TTY/TDD), [email protected].
                SUPPLEMENTARY INFORMATION:
                Background
                 The final rule that is the subject of this correction appeared in
                the Federal Register of March 6, 2020 (85 FR 13414); the final rule
                revised the forms required by labor organizations under the Labor-
                Management Reporting and Disclosure Act (``LMRDA'' or ``Act''), 29
                U.S.C. 431(b). Under the rule, specified labor organizations file
                annual reports (Form T-1 Trust Annual Report) concerning trusts in
                which they are interested. The final rule also sets forth the
                Department's review of and response to comments on the proposed rule.
                Under this rule, the Department required a labor organization with
                total annual receipts of $250,000 or more (and, which therefore is
                obligated to file a Form LM-2 Labor Organization Annual Report) to also
                file a Form T-1, under certain circumstances, for each trust of the
                type defined by section 3(l) of the LMRDA, 29 U.S.C. 402(l) (defining
                ``trust in which a labor organization is interested''). The rule
                provided appropriate instructions and revised relevant sections
                relating to such reports. The Form T-1 Instructions, however, provided
                inaccurate examples of the rule's applicability dates. See Form T-1
                Instructions, Part II (When to File) at 85 FR 13451. The second through
                fourth examples indicated, incorrectly, that the first Form T-1
                reports, in the examples, were due later than the operative language
                indicated they would in Part II of the Form T-1 Instructions. This
                correction remedies this error by inserting the appropriate dates to
                the examples, thereby ensuring consistency with the operative language
                in the instructions.
                Need for Correction
                 As published, the final rule contained errors within the Form T-1
                Instructions, at 85 FR 13451 (col. 2), which illustrates the
                prospective effect of the final rule.
                Appendix [Corrected]
                 In FR Doc. 2020-03958, in the Federal Register of Friday, March 6,
                2020, correct page 13451 to read as follows:
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                [[Page 17501]]
                [GRAPHIC] [TIFF OMITTED] TR30MR20.003
                [[Page 17502]]
                 Signed in Washington, DC.
                Arthur F. Rosenfeld,
                Director, Office of Labor-Management Standards.
                [FR Doc. 2020-06079 Filed 3-27-20; 8:45 am]
                 BILLING CODE 4510-86-C