CBS Evening News for Monday, Feb 02, 1976
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(Studio) Federal matching funds for president candidates could end March 1 due to Supreme Court ruling on federal election law.
REPORTER: Walter Cronkite
(DC) Only Federal Election Commission (FEC) can rule on federal campaign funds for pres. candidates and this power ceases March 1 unless Congress gives Ford power to appointed new FEC. [Staff director Federal Election Commission Orlando POTTER - makes analogy between Federal Election Commission and battered ship.] [Chairperson Federal Election Commission Thomas CURTIS - thinks public and Congress appreciate commission] Senators Hugh Scott and Edward Kennedy produce bill to perpetuate commission's power to okay funds for president elections, but incling. also public funds for congress campaigns. [KENNEDY - cites argument for congress funds.] Many House members against FEC. Representative Wayne Hays wants to abolish it. Speaker House Carl Albert and Senate majority leader Mike Mansfield doubt Congress will restore Federal Election Commission powers in time.
REPORTER: Fred Graham
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