Final answer:
The Landrum-Griffin Act requires that unions file financial reports with the Department of Labor. This regulation promotes transparency and accountability within labor organizations, ensuring that union members are informed about their union's financial activities and dealings.
"The correct option is approximately option C"
Step-by-step explanation:
The Landrum-Griffin Act, also known as the Labor-Management Reporting and Disclosure Act of 1959, was a significant piece of labor legislation in the United States. Aimed at protecting union members and their participation in union affairs, one of the act's key requirements is for unions to file financial reports. The act introduces transparency by mandating the disclosure of financial dealings and conditions of labor organizations, which includes the reporting of assets, liabilities, income, and expenditures, to the Department of Labor. This requirement encourages democratic processes within unions and ensures that members are informed about the financial activities of their unions.
The history of union regulation in the U.S. saw significant changes with acts such as the Wagner Act of 1935, which encouraged union membership, and the Taft-Hartley Act of 1947, which introduced constraints like allowing states to pass right-to-work laws and limiting the use of union funds in political campaigns. However, the Taft-Hartley Act also allowed for interventions to prevent strikes that could affect national interests, demonstrated by President Obama's actions during a port work stoppage in 2002. The back-and-forth nature of these laws reflects the complex nature of labor relations in the U.S. and the ongoing debate between labor rights and economic efficiency.
While the Taft-Hartley Act laid down several restrictions on unions, including banning closed shops and limiting union's involvement in political campaigns, it does not relate directly to the requirements of the Landrum-Griffin Act. Therefore, the answer to what the Landrum-Griffin Act requires that unions do is that they must file financial reports. This provision was designed to curb corrupt practices and bring greater accountability to union activities.