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Special Report (Secret Funds) #484190

NBC Evening News for Tuesday, Jul 08, 1975
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(Studio) Report on secret expense funds.
REPORTER: John Chancellor

(DC) In 1952, Senator Richard Nixon, almost had career ended by controversy from $18,000 fund raised by busmen. 1952 film shown. [NIXON - says morally wrong if secretly given and handled.] This type of expense fund common on Capitol Hill. Estimated: 1/2 congress members have secret funds to pay for costs not covered by congress expense allowance. Pays for: newsletters, office expense and travel; can be pocketed. Comes from: lobbyists, business and labor. [Common Cause Fred WERTHHEIMER - says campaign finance laws can be evaded with secret fund. It creates conflicts of interest and improper influence.] [Representative Richard FULTON - tells how he told trucking lobby to make out contribution to office account as he bad no opponent.] House ethics committee works with bill for-full disclosure of expense funds. Considers ban on corporate and union gifts. bed. Election Commission requires public reports
REPORTER: James Polk

Chancellor, John;
Polk, James

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