According to news reports, the U.S. Department of Labor will be issuing this morning its long-awaited (and, for employers, long-dreaded) “Persuader Rule.” The rule is expected to create an obligation for employers, attorneys, and consultants to report financial

information related to “labor relations activity,” expansively defined, and the information will become a matter of public record.

The American Bar Association and other organizations have expressed concern about the impact of the rule on attorney-client privilege.

I’ll be “live-blogging” this today and will update with a copy of the rule once it’s out. Meanwhile, here are some links to our prior coverage of this issue, by our excellent David Phippen:

New Persuader Regulations Are on the Way, Probably at the End of the Year

USDOL proposes expanded Persuader Rules (on the proposed rule, issued in 2011)

UPDATE (10:18 a.m. EDT): The Rule is out! Effective date is April 25, for all “arrangements, agreements, and payments issued on or after July 1, 2016.”