In the 1990s, Weill founded the Independent Party of Mississippi. In 1997, the Independent Party of Mississippi became the official state affiliate of the national Reform Party and renamed itself the Mississippi Reform Party. Weill was the chairman of the Mississippi Reform Party and a Reform Party National Committeeman. In 1996, Weill ran for a United States Senate seat from Mississippi finishing third with 2% of the vote. In 2000, Weill endorsed Natural Law Party candidate John Hagelin instead of the Reform Party's nominee, Pat Buchanan. In 2004, Weill campaigned for the Reform Party's 2004 presidential nomination, but withdrew his candidacy after Ralph Nader announced his intention to seek the party's nomination. Weill endorsed Nader and contributed thousands of dollars to his political campaigns. During his acceptance speech at the 2004 Reform Party National Convention in Irving, Texas, Ralph Nader thanked Weill for his support.
At the Reform Party's 2008 national convention, Frank McEnulty of California, the 2008 presidential candidate of the New American Independent Party, was nominated to be Weill's vice-presidential running-mate. However, the party could not announce the results of the national convention on its website until October, due to a court order obtained by another faction of the party. The rebel faction also prevented Weill from appearing on the ballot in any of the states in which the party retained access, excluding Mississippi. Therefore, the Weill/McEnulty ticket appeared on the ballot in only Mississippi and received only 470 votes in that state. He also received write-in votes in Alabama.
Legacy
Weill died in November 2009. His former running-mate, Frank McEnulty, stated: "Ted truly believed in trying to do what was best for the country and it is what had driven him to spend so much time, money and effort on his campaign and in support of the Reform Party."
Quotes
"I have six children, 14 grandchildren and four great-grandchildren, and they don't have a chance in hell of being free if we don't turn things around and do it quick. Otherwise, there's only one other route, revolution, and the American people don't have the guts for that. We've become couch potatoes."
"I thought the world of Ross Perot. I put him up there with our founding fathers. I liked the way he talked. He’d say 'We’ve got to clean out the barn!' and I agreed with everything he said."
"My reason for joining the third party movement was to save my country from special interests."
"We know there are a lot more people today that are looking to change things in this country."