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…showed last 75 words of 1119 total…serving as the President of the United States. The resignation of the President, charges to nearly forty people, and a nation in disgust were not the only results of the Watergate Scandal. In 1974 Congress approved reforms in the financing of political campaigns. The reforms limited the amount of money that could be given by contributors and required detailed reporting of all contributions and spending. These new laws were soon adopted by state legislation as well.