Executive Order 10160—Providing for the Preservation of Records for Certain Purposes of the Defense Production Act of 1950

By virtue of the authority vested in me by the Defense Production Act of 1950, and as President of the United States, and in order to provide an appropriate basis for action under Title IV of the Defense Production Act of 1950, it is hereby ordered:

1. Every person who sold or delivered goods or services, or offered them for sale or delivery, in the course of trade or business during the period from May 24, 1950, to June 24, 1950, inclusive, shall preserve all his records for such period relating to:

(a) The prices received or asked for such goods or services; and

(b) The labor, material, acquisition, and other costs incurred in connection with such goods or services.

2. This order does not apply to:

(a) Records of an individual relating to wages or salary received by such individual;

(b) Records relating to sales of agricultural commodities by the individual producer thereof; and

(c) Records relating to the following, which are exempt from control under section 402(e) of the Defense Production Act of 1950: (i) prices or rentals for real property; (ii) rates or fees charged for professional services; (iii) prices or rentals for (a) materials furnished for publication by an press association or feature service, or (b) books, magazines, motion pictures, periodicals, or newspapers, other than as waste or scrap; or rates charged by any person in the business of operating or publishing a newspaper, periodical, or magazine, or operating a radio-broadcasting or television station, a motion-picture or other theater enterprise, or outdoor advertising facilities; (iv) rates charged by any person in the business of selling or underwriting insurance; (v) rates charged by any common carrier or other public utility; and (vi) margin requirements on any commodity exchange.

3. For the purposes of this order:

(1) The term "person" includes an individual, corporation, partnership, association, or any other organized group of persons, or legal successor or representative of the foregoing, and includes the United States or any agency thereof, or any other government, or any of its political subdivisions, or any agency of any of the foregoing.

(b) The term "prices" includes rentals, commissions, margins, rates, fees, charges, and allowances paid or received.

(c) The term "goods" has the same meaning as the term "materials" in the Defense Production Act of 1950 and includes raw materials, articles, commodities, products, supplies, components, technical information, and processes.

HARRY S. TRUMAN

THE WHITE HOUSE,

September 9, 1950