On the recordJuly 29, 1935
To facilitate the maintenance and betterment of the American standard of living.
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presidency.ucsb.eduTo facilitate the maintenance and betterment of the American standard of living.
Executive Order 7120—Reorganizing the Consumers' Agencies
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I have given my approval to S. 340, the insurance bill, which passed the Congress last week.
It is clear from the legislative history and the language of this Act, that the Congress intended no grant of immunity for monopoly or for boycott, coercion, or intimidation.