Federal watchdogs have been supervising the Teamsters’ finances since a 1989 consent agreement, but a new agreement struck recently will see federal supervisors step back and allow the union to regain full independence.
“This is a historic day for our Teamsters. After decades of hard work and millions of dollars spent, we can finally say that corrupt elements have been driven from the Teamsters and that the government oversight can come to an end,” Hoffa said.
An application for approval for the agreement has been filed with a federal court in New York and is pending Chief Judge Loretta Preska’s signature. She is expected to approve it.