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In 1974, Wallop sought the Republican [[Governor|gubernatorial]] nomination,<ref name=NYTobit/> but was defeated by his state Senate colleague, [[Dick Jones (Wyoming politician)|Richard R. "Dick" Jones]], a trucking executive from Cody and Powell in Park County in northwestern Wyoming. Jones went on to lose the [[general election]] in a heavily [[Democratic Party|Democratic]] year to Edgar Jacob Herschler (1918-1999) of Kemmerer in Lincoln County in southwestern Wyoming.
 
In 1974, Wallop sought the Republican [[Governor|gubernatorial]] nomination,<ref name=NYTobit/> but was defeated by his state Senate colleague, [[Dick Jones (Wyoming politician)|Richard R. "Dick" Jones]], a trucking executive from Cody and Powell in Park County in northwestern Wyoming. Jones went on to lose the [[general election]] in a heavily [[Democratic Party|Democratic]] year to Edgar Jacob Herschler (1918-1999) of Kemmerer in Lincoln County in southwestern Wyoming.
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In 1976, a nationally Democratic year, [[Gerald Ford|Gerald R. Ford, Jr.]], still defeated [[Jimmy Carter]] in Wyoming, and Wallop  unseated three-term Democratic U.S. Senator Gale William McGee (1915-1992) with 55 percent of the vote. <ref name=NYTobit/>His election advertising depicted a cowboy riding across the range with a portable toilet on top of a pack horse.<ref name=vacav/>
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In 1976, a nationally Democratic year, [[Gerald Ford|Gerald R. Ford, Jr.]], still defeated [[Jimmy Carter]] in Wyoming, and Wallop  unseated three-term Democratic U.S. Senator Gale William McGee (1915-1992) with 55 percent of the vote.<ref name=NYTobit/>His election advertising depicted a cowboy riding across the range with a portable toilet on top of a pack horse.<ref name=vacav/>
    
Though Wallop said that he would serve only one term, he completed three terms. Senator Wallop supported strong national security. On fiscal matters, Wallop favored reductions in estate and gift taxes.<ref name=NYTobit>{{cite web |author=Margalit Fox|date=September 15, 2011 |title=Malcolm Wallop, Senator From Wyoming, Dies at 78 |url=https://www.nytimes.com/2011/09/16/us/malcolm-wallop-ex-senator-of-wyoming-dies-at-78.html?_r=1 |publisher=''[[The New York Times]]''|accessdate=July 27, 2021}}</ref>
 
Though Wallop said that he would serve only one term, he completed three terms. Senator Wallop supported strong national security. On fiscal matters, Wallop favored reductions in estate and gift taxes.<ref name=NYTobit>{{cite web |author=Margalit Fox|date=September 15, 2011 |title=Malcolm Wallop, Senator From Wyoming, Dies at 78 |url=https://www.nytimes.com/2011/09/16/us/malcolm-wallop-ex-senator-of-wyoming-dies-at-78.html?_r=1 |publisher=''[[The New York Times]]''|accessdate=July 27, 2021}}</ref>
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Wallop was the only non-lawyer to have served on the Senate Judiciary Committee. He was also on the Natural Resources Committee and the Select Committee on Intelligence. From 1981 to 1983, he served as chairman of the Senate Ethics Committee.<ref name=NYTobit/>
 
Wallop was the only non-lawyer to have served on the Senate Judiciary Committee. He was also on the Natural Resources Committee and the Select Committee on Intelligence. From 1981 to 1983, he served as chairman of the Senate Ethics Committee.<ref name=NYTobit/>
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As a freshman senator,  Wallop authored the legislation that created the Congressional Award program to recognize volunteerism among the youth. His 1977 amendment to the Surface Mining Control and Reclamation Act  
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As a freshman senator,  Wallop authored the legislation that created the Congressional Award program to recognize volunteerism among the youth. His 1977 amendment to the Surface Mining Control and Reclamation Act required the national government to compensate property owners who sustained losses because of mining regulations. Three years later, Wallop successfully amended the Clean Water Act to protect Wyoming interests.<ref name=NYTobit/>
required the national government to compensate property owners who sustained losses because of mining regulations. Three years later, Wallop successfully amended the [[Clean Water Act]] to protect Wyoming interests<ref name=NYTobit/>
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In 1977, Wallop was one of only nine senators to vote against the adoption of a strict code of ethics for the body.<ref>{{cite news|url=https://www.nytimes.com/1977/04/02/archives/long-island-opinion-senate-869-adopts-a-strict-ethics-code-to-build.html|title=SENATE, 86‐9, ADOPTS A STRICT ETHICS CODE TO BUILD CONFIDENCE|date=April 2, 1977|publisher=''The New York Times''|date=April 2, 1977}}</ref>
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In 1977, Wallop was one of only nine senators to vote against the adoption of a strict code of ethics for the body even though he served on the Ethics Committee.<ref>{{cite news|url=https://www.nytimes.com/1977/04/02/archives/long-island-opinion-senate-869-adopts-a-strict-ethics-code-to-build.html|title=SENATE, 86‐9, ADOPTS A STRICT ETHICS CODE TO BUILD CONFIDENCE|date=April 2, 1977|publisher=''The New York Times''|date=April 2, 1977}}</ref>
    
In 1981, Wallop was instrumental in the repeal of President Carter's "windfall profits tax. Wallop was re-elected in a nationally Democratic year by a 14-point margin over Democrat Rodger McDaniel (born 1948), a Wyoming state legislator and currently a [[Presbyterian]] pastor in the capital city of [[Cheyenne]]. In his second term, Wallop supported the 1983 [[Strategic Defense Initiative]],<ref name=NYTobit/> a proposed missile defense system intended to protect the United States from nuclear intercontinental ballistic missiles but derided by Democrats as "Star Wars."<ref>{{cite web|url=https://web.archive.org/web/20160306023546/http://fas.org/spp/starwars/program/milestone.htm
 
In 1981, Wallop was instrumental in the repeal of President Carter's "windfall profits tax. Wallop was re-elected in a nationally Democratic year by a 14-point margin over Democrat Rodger McDaniel (born 1948), a Wyoming state legislator and currently a [[Presbyterian]] pastor in the capital city of [[Cheyenne]]. In his second term, Wallop supported the 1983 [[Strategic Defense Initiative]],<ref name=NYTobit/> a proposed missile defense system intended to protect the United States from nuclear intercontinental ballistic missiles but derided by Democrats as "Star Wars."<ref>{{cite web|url=https://web.archive.org/web/20160306023546/http://fas.org/spp/starwars/program/milestone.htm
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