Perot said he would seek the Reform Party nomination for president of the United States in the 1996 election during an appearance on Larry King Live.

Perot easily won the nomination against Lamm in the mail-in primary[4] and selected economist Pat Choate as his vice presidential candidate.

[16] However, the next day on July 10, Perot announced on Larry King Live that he would seek the presidency again, like he had done in 1992, stating that, "If they feel I am the person they want to do this job, then certainly I will give them everything I have to get it done.

In July, Perot asked Representative Marcy Kaptur to be his vice presidential running mate, but she declined the following month and chose to stay in Congress.

[20] In mid-August, Perot announced that he would be accepting $30 million in presidential public funds which would limit him to spend no more than $50,000 of his own money on his campaign.