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Federal Election Commission Bill / Campaign Funds / Candidates #245357

CBS Evening News for Tuesday, Apr 13, 1976
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(Studio) Congress conference committee agrees on bill to reorg. Federal Election Cmsn. (FEC). President candidates awaiting matching federal funds will still have to wait.
REPORTER: Walter Cronkite

(DC) Compromise bill provides for: president-apptd. cmsnrs.; loss of matching funds for those who receive less than 10% of vote in 2 successive primaries; limits on ants. from individuals and political cmtes., and strict rules on corporation and union solicitations. Compromise to be finalized April 27. Candidates probably won't get any matching funds until mid-May.
REPORTER: Marya McLaughlin

(Pittsburgh, Pennsylvania) Representative Morris Udall campaigning here. [UDALL - asks for $1 so he can give to children's hospital fund.] Udall was counting on $300,000 federal funds to help with Pennsylvania primary. Direct mail appeal to go out. Udall doing as many free news interviews as possible. [UDALL - says still not as well-known as Jackson and Carter. Had planned to use matching funds for publicity.] Udall flies commercial flights.
REPORTER: Ike Pappas

(Studio) At end of March, only Ford and Senator Henry Jackson had surplus campaign funds. Ford had + $750,000; + $155,000 for Jackson; - $900,000 for Ronald Reagan; - $185,000 for Carter, and George Wallace is solvent.
REPORTER: Walter Cronkite

Cronkite, Walter;
McLaughlin, Marya;
Pappas, Ike

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