Harry Truman actually said...
Nothing herein shall be construed to authorize any contracts in violation of existing law relating to limitation of profits, or the payment of a fee in excess of such limitation as may be specifically set forth in the act appropriating the funds or granting the contract authorization obligated by a contract
Context
Executive Order 10210—Authorizing the Department of Defense and the Department of Commerce to Exercise the Functions and...
02/01/1951