[Weekly Compilation of Presidential Documents Volume 42, Number 33 (Monday, August 21, 2006)]
[Pages 1470-1471]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
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 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

[[Page 1471]]

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.