Big Government
Last week, the public comment period closed on the Obama Labor Department’s proposed regulatory change to alter a 1959 law that would make employers and their service providers (attorneys and various consultants) file financial disclosure statements and make personal information public, all in order to give union bosses hit lists of individuals and companies to target. Prior to the closing of the public comment period, there were nearly 6,000 comments—4,000 of which came within the last ten days or so as more people became aware of the union-backed proposed rule.
So far, it has been remarkable that almost no attention has been given to this issue on Capitol Hill. However, it may be that very few have actually understood the DOL proposal’s unprecedented overreach and broad ramifications until these last few weeks. Yet, since so many of the law firms who donate to high-ranking Democrats (as well as to Republicans) will likely be deemed ‘persuaders’ and be required to report their incomes under the DOL’s proposal, there may yet be some interest raised in Congress over the issue.