Executive Order 6416—Code of Fair Competition for the Machine Tool and Forging Machinery Industry

An application having been duly made, pursuant to and in full compliance with the provisions of title I of the National Industrial Recovery Act, approved June 16, 1933, for my approval of a Code of Fair Competition for the Machine Tool and Forging Machinery Industry, and hearings having been held thereon and the Administrator having rendered his report containing an analysis of the said code of fair competition together with his recommendations and findings with respect thereto, and the Administrator having found that the said code of fair competition complies in all respects with the pertinent provisions of title I of said Act and that the requirements of clauses (1) and (2) of subsection (a) of section 3 of the said act have been met: Now, Therefore, I, Franklin D. Roosevelt , President of the United States, pursuant to the authority vested in me by title I of the National Industrial Recovery Act, approved June 16, 1933, and otherwise, do adopt and approve the report and recommendations, and findings of the Administrator and do order that the said code of fair competition be and it is hereby approved, excepting that the Administrator shall have the right on review, to disapprove or modify any action taken by the supervisory agency under article VI. FRANKLIN D. ROOSEVELT Approval recommended: Hugh S. Johnson. Administrator. The White House, November 8, 1933.