Iowa Congressman Tom Latham is presiding over House debate today on the first pension reform bill inspired by the Enron collapse. Latham expects the measure to pass, and he says it needs to be approved for the good of the U-S workforce.The measure would allow workers to sell employer-matched stock in their 401-k plans. Latham, a republican from Alexander, says the bill would also require that workers be given notice before changes are made to their plan.It would let retirement fund managers give advice to workers. Democrats say the measure wouldn’t prevent workers from losing their retirement savings in another Enron-style collapse. They also say it doesn’t go far enough to safeguard against conflicted investment advice and encourage workers to diversify their investments.
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