Venezuela to nationalize oil industry amid Perez signing
President Carlos Andres Perez signs a bill nationalizing the Venezuelan oil sector, setting January 1 1976 for state takeover and creating Petroven as the operating body. The move aims to transfer assets valued around 1.1 billion and place 21 firms under state oversight while preserving some foreign participation.
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Ford Travel Expense Questioned in Presidential Campaign
Federal Election Commission draft opinion questions the legality of the Republican National Committee paying for President Ford's political travel. The draft argues appearances in New Hampshire may count as expenditures against campaign limits for Louis Wyman's Senate runoff, while Lloyd Bentsen presses that new law bars further GOP travel spend.
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