    [Public Papers of the Presidents of the United States: George W. Bush (2002, Book I)]
    [February 26, 2002]
    [Page 293]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Proposed Pension Security Legislation
    February 26, 2002

        I applaud Senators Tim Hutchinson, Trent
    Lott, and Judd Gregg for
    introducing legislation today to strengthen the retirement security of
    American workers. This legislation would protect workers by giving them
    freedom to manage their own retirement savings, fair notice of any
    blackout period, better access to sound investment advice, and is
    consistent with the retirement security principles I previously
    outlined. This bill also assures that corporate officers would be held
    to the same restrictions as those imposed on workers.
        I look forward to working with the Congress in a bipartisan fashion
    to enact these important protections into law.

    Note: The statement referred to S. 1969, the ``Pension Security Act of
    2002.''