HCS HB 1465 -- LABOR ORGANIZATIONS SPONSOR: Hunter COMMITTEE ACTION: Voted "do pass" by the Committee on Workforce Development and Workplace Safety by a vote of 7 to 6. This substitute requires labor unions not subject to the federal Labor Management Reporting and Disclosure Act to publicly disclose information concerning their finances. Labor unions are required to disclose: (1) Assets including cash, accounts receivable, loans receivable, United States treasury securities, investments, and other assets; (2) Liabilities including accounts payable, loans payable, mortgages, and other liabilities; (3) Cash receipts from sources including dues, fees, sales, interest, rent, and dividends; (4) Cash disbursements including negotiation, administration, organization, lobbying, political, benefits, overhead, gifts, and contributions; and (5) Membership status including active, inactive, associate, apprentice, retired, and others. Fines and penalties for noncompliance are specified. These provisions mirror the federal Lundrum-Griffin Act. FISCAL NOTE: Estimated Cost on General Revenue Fund of $0 in FY 2007, $0 to Unknown in FY 2008, and $0 to Unknown in FY 2009. Unknown expected to be less than $100,000. No impact on Other State Funds in FY 2007, FY 2008, and FY 2009. PROPONENTS: Supporters say that the bill provides union members with a clear, in-depth view of all union expenditures, debts, income sources, and the financial status of their pensions. Testifying for the bill were Representative Hunter; and Associated Industries of Missouri. OPPONENTS: Those who oppose the bill say that this required information is already provided to the federal government, making the bill's requirements redundant. Testifying against the bill were Missouri AFL-CIO; United Steelworkers of America, District 11; Communications Workers of America; United Auto Workers, Missouri State Cap Council; Missouri State Council of Firefighters; Joe Schulte, United Steelworkers-Local 11-6; and Associated Grocers. Roland Tackett, Legislative AnalystCopyright (c) Missouri House of Representatives