    [Public Papers of the Presidents of the United States: George W. Bush (2006, Book II)]
    [August 17, 2006]
    [Pages 1523-1524]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Signing the Pension Protection Act of 2006
    August 17, 2006

        Today I have signed into law H.R. 4, the ``Pension Protection Act of
    2006.'' This legislation strengthens the pension insurance system and
    ensures that workers will receive better information about their pension
    plans. The legislation makes permanent the deductible limits for
    contributions to Individual Retirement Accounts and 401(k) plans,
    encourages employers to automatically enroll workers in 401(k) plans,
    and expands workers' access to investment advice.
        The executive branch shall construe sections 221(a) and 1632(b)(1)
    of the Act, which call for the submission of legislative recommendations
    to the Congress, in a manner consistent with the constitutional
    authority of the President to supervise the unitary executive branch and
    to recommend for the consideration of the Congress such

    [[Page 1524]]

    measures as the President shall judge necessary and expedient.
        Section 1634(e) purports to require the United States Trade
    Representative to submit to congressional committees the contents of the
    negotiating positions of the United States and foreign countries in
    certain international trade negotiations. The executive branch shall
    construe section 1634(e) in a manner consistent with the President's
    constitutional authority to conduct the Nation's foreign affairs
    including negotiations with foreign countries, supervise the unitary
    executive branch, and to withhold information the disclosure of which
    could impair foreign relations, national security, the deliberative
    processes of the Executive, or the performance of the Executive's
    constitutional duties.

                                                              George W. Bush

     The White House,

     August 17, 2006.

    Note: H.R. 4, approved August 17, was assigned Public Law No. 109-280.