Taft-Hartley Act

DEFINITION of 'Taft-Hartley Act'

A Federal law that was enacted in 1947 that prohibited certain union practices and required improvement in union disclosure of financial and political dealings.

BREAKING DOWN 'Taft-Hartley Act'

Basically, the Taft-Hartley act is an outline of the Federal government's requirements for unions. It protects union members against possible unfavorable dealings enacted by the controlling members.

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