    [Public Papers of the Presidents of the United States: George W. Bush (2002, Book I)]
    [February 14, 2002]
    [Page 231]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Proposed Pension Security Legislation
    February 14, 2002

        I applaud Congressmen John Boehner and
    Sam Johnson for introducing legislation today to
    strengthen the retirement security of American workers. Consistent with
    the principles that I outlined at the beginning of this month, their
    bill would protect workers by giving them freedom to manage their own
    retirement savings, fair notice of any blackout period, and better
    access to sound investment advice. This bill also assures that corporate
    officers would be held to the same restrictions as those imposed on
    workers.
        This bill, and other good legislation like that introduced by
    Congressmen Portman and Cardin, will help provide economic security to both workers and
    shareholders. I look forward to working with the Congress in a
    bipartisan fashion to enact these important protections into law.

    Note: The statement referred to H.R. 3762, the ``Pension Security Act of
    2002,'' and H.R. 3669, the ``Employee Retirement Savings Bill of
    Rights.''