Richard Nixon actually said...
The functions conferred upon the President by sections 621 (b), 625 (d) (1), 627, 628, 629 (b), 630, and 635 (d) of the Act insofar as such functions relate to the operation of the Corporation, its activities, or personnel are hereby delegated to the Corporation
Context
Executive Order 11579—Overseas Private Investment Corporation
01/18/1971