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Finance Industry PAC Contributions to U.S. Senators, 1983-88

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  • Loucks, Christine

Abstract

In this paper, the author examines the relationship between campaign contributions from PACs representing the finance industry and membership on sixteen standing committees in the Senate. She hypothesizes that finance industry PACs will contribute more to the Banking committee, the Senate committee with the greatest responsibility for developing public policy that affects the finance industry. The author's results indicate that committee assignment does influence the distribution of finance industry PAC money; the finance industry does give significantly more to members of the Senate Banking committee. This is the first study to find this relationship between PAC contributions and committee membership in the Senate. Copyright 1996 by Kluwer Academic Publishers

Suggested Citation

  • Loucks, Christine, 1996. "Finance Industry PAC Contributions to U.S. Senators, 1983-88," Public Choice, Springer, vol. 89(3-4), pages 219-229, December.
    • Handle: RePEc:kap:pubcho:v:89:y:1996:i:3-4:p:219-29
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    Cited by:

    1. Randall Bennett & Christine Loucks, 2011. "Financial Services Industry PAC Contributions and Senate Committee Membership," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 39(3), pages 203-216, September.
    2. Kroszner, Randall S & Stratmann, Thomas, 1998. "Interest-Group Competition and the Organization of Congress: Theory and Evidence from Financial Services' Political Action Committees," American Economic Review, American Economic Association, vol. 88(5), pages 1163-1187, December.
    3. Christopher Berry, 2008. "Piling On: Multilevel Government and the Fiscal Common‐Pool," American Journal of Political Science, John Wiley & Sons, vol. 52(4), pages 802-820, October.
    4. Gupta, Sanjay & Swenson, Charles W, 2003. "Rent Seeking by Agents of the Firm," Journal of Law and Economics, University of Chicago Press, vol. 46(1), pages 253-268, April.

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