    [Weekly Compilation of Presidential Documents Volume 38, Number 9 (Monday, March 4, 2002)]
    [Pages 299-300]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    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

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    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.''