Finance industry PAC contributions to U.S. Senators, 1983–88

In this paper, I examine the relationship between campaign contributions from PACs representing the finance industry and membership on sixteen standing committees in the Senate. I hypothesize 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. My 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.