The restrictions on the company matching portion of their accounts prevented them from selling the free stock the company had given them. That's terribly unfortunate, but it's also a very common feature in these types of accounts.I would support a law outlawing that type of restriction.
Oh no ... government just go bigger and I just lost more rights ...
I see laws like *this* having the 'Rule of Un-intended Consequences' kick in - like the employer might simply remove this particular compensation item ...
What part of the meaning of 'Free Enterprise' has been lost - should it be changed to 'Mostly-free Enterprise' or '99% Free Enterprise' or 'Only 1% Socialism Enterprise'?
Not all laws create a bigger government, and that one certainly wouldn't. I worked for a company for years that had a restriction like Enron. I couldn't do a darn thing with the stock they had contributed to the plan. It consistently underperformed the market, and I didn't think it was particularly fair. The stock was mine. The company couldn't take it back if I quit. But I couldn't sell it and put the money into a different financial investment.
Such a law would GIVE employees more rights with their own money. You certainly haven't articulated a good argument against that.