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Savings and Loan and Finance Industry PAC Contributions to Incumbent Members of the House Banking Committee

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  • Bennett, Randall W
  • Loucks, Christine
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    Abstract

    This paper examines the relationship between campaign contributions from savings and loan and finance industry PACs and membership on the House Banking Committee. The distinguishing features of this paper are that we focus on campaign contributions at an industry level, and we use regression analysis to determine whether membership on the House Banking Committee, the committee with oversight responsibility for the savings and loan industry, influences the level of contributions received by an individual legislator. We find that members of the House Banking Committee do receive significantly greater contributions from the savings and loan and finance PACs than do other members of Congress and that being chairman of the House Banking Committee also pays a dividend. Copyright 1994 by Kluwer Academic Publishers

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    Bibliographic Info

    Article provided by Springer in its journal Public Choice.

    Volume (Year): 79 (1994)
    Issue (Month): 1-2 (April)
    Pages: 83-104

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    Handle: RePEc:kap:pubcho:v:79:y:1994:i:1-2:p:83-104

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    Web page: http://www.springerlink.com/link.asp?id=100332

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    Cited by:
    1. Randall Bennett & Christine Loucks, 2011. "Financial Services Industry PAC Contributions and Senate Committee Membership," Atlantic Economic Journal, International Atlantic Economic Society, vol. 39(3), pages 203-216, September.
    2. Robert Florence, 1999. "An analysis of PAC contributions and legislator quality," Atlantic Economic Journal, International Atlantic Economic Society, vol. 27(1), pages 59-73, March.
    3. Randall Bennett & Christine Loucks, 2008. "PAC Contributions from Sectors of the Financial Services Industry, 1998–2002," Atlantic Economic Journal, International Atlantic Economic Society, vol. 36(4), pages 407-419, December.
    4. Potters, Jan & Sloof, Randolph, 1996. "Interest groups: A survey of empirical models that try to assess their influence," European Journal of Political Economy, Elsevier, vol. 12(3), pages 403-442, November.

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