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Campaign Reforms / Senate #229677

CBS Evening News for Monday, Jul 30, 1973
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(Studio) Senator passes bill to reform presidential campaign financing. Bill goes to House next.
REPORTER: Roger Mudd

(Capitol Hill) President could spend $34 million on entire campaign. Bill limits contribution to $3000 from any 1 contributor to 1 candidate. $25,000 ceiling on contribution an individual may give to all fed. campaigns during 1 year [Senator Charles PERCY - believes Watergate scandal is responsible for tough provisions in new bill.] Measure repeals equal-time provision for all races for public office. Cash contributions over $50 prohibited. Illegal for campaign funds to be used to pay attys.' fees.
REPORTER: Marya McLaughlin

(Studio) If bill had been in effect in `72, Nixon would have been limited by 2/3 of $50,000 he spent. George McGovern would have fallen into eligible bracket.
REPORTER: Roger Mudd

Reporter(s):
McLaughlin, Marya;
Mudd, Roger
Duration:
00:02:00

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