What: All Issues : Labor Rights : General Union Rights : S 2673. Accounting Industry Regulation/Vote to Table (Kill) an Amendment Which Would Undermine Labor Union Autonomy By Legally Treating Unions as Publicly-Traded Companies. (2002 senate Roll Call 168)
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S 2673. Accounting Industry Regulation/Vote to Table (Kill) an Amendment Which Would Undermine Labor Union Autonomy By Legally Treating Unions as Publicly-Traded Companies.
senate Roll Call 168     Jul 10, 2002
Progressive Position:
Yea
Progressive Result:
Win

In the wake of accounting scandals at companies such as WorldCom and Enron, there was enormous pressure to reform regulatory oversight of the accounting industry. But the bill to that effect in the Senate also opened the way for other changes unrelated to the corporate scandals in the news. This amendment was proposed by McConnell (R-KY), and it would have required unions with more than $200,000 in annual receipts to report this money in the same way publicly traded companies are required to do. The amendment also laid out penalties for non-compliance. Progressives opposed this effort to undercut union autonomy, and supported a motion by Sarbanes (D-MD) to table (kill) the bill. This motion to table passed, 55-43, and McConnell's amendment fell.

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