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 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
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