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For Immediate Release
Office of the Press Secretary
October 19, 2002

President Takes Action to Protect Pensions and Retirement Security for All Americans

Presidential Action

The Securities and Exchange Commission is also working on a new rule scheduled to take effect early next year that will bar corporate executives from trading their stock when their rank and file workers are prevented from selling theirs.

Unfinished Business

The President has proposed other important, commonsense proposals to help protect the retirement savings of American workers:

These remaining provisions passed the House of Representatives on April 11, 2002. Unfortunately, the Senate has failed to act on these important initiatives.

To learn more about the President's comprehensive economic security and corporate accountability agenda please visit


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