Executive Order 7158—Inspection of Income, Profits, and Capital-Stock Tax Returns by the Committee on Interstate Commerce, United States Senate

By virtue of and pursuant to the authority vested in me by section 257 (a) of the Revenue Act of 1926 (44 Stat. 9, 51); section 55 of the Revenue Act of 1928 (45 Stat. 791, 809); section 55 of the Revenue Act of 1932 (47 Stat. 169, 189), as amended by section 218 (h) of the National Industrial Recovery Act (48 Stat. 195, 209); sections 55 (a) and 701 (e) of the Revenue Act of 1934 (48 Stat. 680, 698, 770); and section 215 (e) of the National Industrial Recovery Act (48 Stat. 195, 208), it is hereby ordered as follows:

Income, profits, and capital-stock tax returns made under the Revenue Act of 1934, the National Industrial Recovery Act, the Revenue Act of 1932, as amended by the National Industrial Recovery Act, and the prior revenue acts shall be open to inspection by the Committee on Interstate Commerce, United States Senate, or any duly authorized subcommittee thereof, for the purpose of, and to the extent necessary in, the investigation of interstate railroads and affiliates with respect to financing, reorganizations, mergers, and certain other matters, which such committee or subcommittee is authorized and directed to make by Senate Resolution 71 (74th Cong., 1st sess.), agreed to May 20, 1935; such inspection to be in accordance and upon compliance with the rules and regulations prescribed by the Secretary of the Treasury in the Treasury Decision relating to the inspection of returns by such committee, approved by me this date.

FRANKLIN D. ROOSEVELT

The White House,
August 23, 1935.