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Bush 401(k) proposal doesn't go far enough to protect workers.

The Philadelphia Inquirer (Philadelphia, PA)

| February 08, 2002 | COPYRIGHT 2007 The Philadelphia Inquirer. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Jeff Brown

The most dramatic Enron news last week showed former executives invoking the 5th Amendment or telling Congress that, gee, they hadn't known anything was wrong. But the issue that's probably most important in the long run for millions of Americans was addressed at a less glamorous House hearing on 401(k) plans.

The Bush administration, which has been slow to acknowledge the importance of Enron-related issues, has proposed rule changes to address the systemic flaws that contributed to Enron employees' estimated $1.2 billion in losses. At best, the president's proposals are a baby step in the right direction.

His main proposal…

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