Congressman Greg Ganske of Des Moines says President Bush’s proposed reforms for retirement savings plans are just a start. He says there are some good things in the plan that will need to be “fleshed out.”Bush proposes barring executives from selling if other company employees may not sell their stock. Enron executives sold their stock when prices were high, but did not allow others in Enron to sell. Ganske will support new restrictions for accounting firms.The Arthur Anderson accounting firm audited Enron’s books, while at the same time performing as a consultant to Enron. Ganske is a member of the House Commerce Committee, one of the Congressional panels that’s been holding hearings about the Enron mess.Ganske says he’s not been as impressed as others have by the testimony of Sharon Watkins, an Enron executive, who has testified about the company’s misdeeds.
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