[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.