Richard Nixon actually said...
By virtue of the authority vested in the President by the Constitution and statutes of the United States, including section 5 (b) of the act of October 6, 1917, as amended (12 U.S.C. 95a), and in view of the continued existence of the national emergencies declared by Proclamation No. 2914 of December 16, 1950, and Proclamation No. 4074 of August 15, 1971, and the importance of continuing...it is hereby ordered:
Context
Executive Order 11796—Continuing the Regulation of Exports
07/29/1974