President Calls For Review of Pension Regulations, Disclosure

ByJill Jusko President George W. Bush has asked several government agencies, including the Treasury Department and the Labor Department, to review the regulations governing pensions and develop recommendations for reforms to the system to protect people from losing their life savings as a result of a company bankruptcy. He also directed several agencies to analyze corporate disclosure rules. "In light of the most recent bankruptcy, Enron, there needs to be a full review of disclosure rules to make sure that the American stockholder, or any stockholder, is protected," Bush said Jan. 10. His comments follow by one day an announcement by the Justice Department that it is investigating aspects of the Enron Corp. bankruptcy. Houston's Enron Corp. filed for Chapter 11 reorganization in early December.