Abstract and Keywords
The importance of congressional campaign finance has been central to congressional elections. Many studies have focused on the overall role of money on election outcomes. However, the role of money in the operation of the chamber and the gradual emergence of an evenly balanced politics in congressional politics has not been thoroughly examined. Previous approaches to the role of money throw a negative light on the effects of campaign finance in Congress and fail to address more critical questions such as: What explains the current regulatory regime and why is there no public funding for congressional elections? How is fundraising prowess rewarded in Congress? Who donates to congressional elections? What does money do in electioneering? This article hence discusses the evolution and current state of campaign finance regulation for Congress, the expenditure side of congressional campaign money, the income side of campaign financing, and the implications congressional campaign fundraising for leadership ambition and legislative behavior.
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