Which act helped to specify union reporting and disclosure standards?

The Landrum-Griffin Act is significant because it established specific reporting and disclosure standards for labor unions. This act was enacted in 1959 to ensure that union members had a clear understanding of how their unions were operating, including financial practices, leadership elections, and accountability measures. It aimed to protect the rights of union members and promote transparency within labor organizations.

By mandating that unions provide detailed financial statements and information about their operations, the Landrum-Griffin Act helps to prevent financial misconduct and corruption within unions, ensuring that members are informed about where their dues are going and how decisions are made. This act also provides members with the right to voice their concerns and have a say in union affairs, reinforcing the democratic principles within the labor movement.