Under Daniel's leadership, the reform-minded Sixty-third Texas Legislature passed new ethics, financial disclosure, and open-records laws. The Legislature also updated and strengthened open-meetings, and lobbying laws. He believed that it should be illegal for the speaker to offer favors or make threats in order to get votes. Because of the great power of the office, Daniel believed that no speaker should be elected for more than one term, and consequently he did not seek reelection in 1974. There had been talk of Price Jr. running for Governor in 1974, but he was apparently not interested.