|For Immediate Release
June 18, 2003
|HOUSE AND SENATE CANDIDATES SPEND $936 MILLION DURING 2001-2002|
|WASHINGTON House and Senate candidates spent a
total of $936.4 million seeking office during 2001-2002, according to a Federal Election
Commission summary. The 2,097 candidates who participated in primary and general election
campaigns for the U.S. Congress raised a total of $969.5 million dollars during those two
years. These figures were 7% below the record financial activity in the Congressional
campaigns of 2000.
All of the decline was found among Senate races, where an unusual set of campaigns in large states during 2000 led to extraordinary spending in the 2000 campaign. During 2001-2002, Senate candidates raised $326.1 million and spent $322.4 million, about 25% below 2000 levels. House candidates, by contrast, increased their financial activity during 2001-2002, raising $643.3 million, 5% above 2000 totals, while spending $613.9 million, up 7% from the previous election.
The following chart summarizes the financial activity of all Congressional campaigns by two-year period (in millions of dollars):
Contributions directly from individuals totaled $536.8 million and, at 55% of total receipts, represent the largest source of funds for both House and Senate candidates. Contributions from PACs totaled $274.3 million, or 28% of receipts. Candidates themselves provided $110.2 million, which represented 11.4% of all fundraising. Contributions directly from individuals are more important in Senate campaigns (66% of receipts) than in House races (50%) while PACs represent a larger percentage of receipts for House candidates (33% vs. 18% in Senate races). PAC contributions were the only major source of receipts that increased in Senate campaigns between 2000 and 2002, however, growing by nearly 16% to $60.2 million. PACs gave House campaigns $214.1 million, 11% more than in 2000.
The chart below provides amounts (in millions of dollars) and percentages of PAC contributions in Congressional campaigns for the past five campaigns:
The following table summarizes the activity of winning campaigns (special elections not included) during the same five campaigns:
Information attached to this release provides summary data on the following:
This release and data contained in it are also available on the FECs website at www.fec.gov under News Releases or Campaign Finance Reports and Data.
1. Figures in the first two tables and the detailed listings of candidates cover from January 1, 2001, or whenever the campaign registered during the year, through December 31, 2002 or the last report filed by the campaign as indicated.
2. Net receipt and net disbursement figures are total receipts and total disbursements, as reported by the campaigns, minus any money transferred between committees of the same campaign.
3. Columns entitled "contrib from other cmtes" are moneys contributed to campaigns by PACs and other committees as reported by the campaigns. Other committees include primarily committees of other candidates.
4. On the Senate listings, the column titled "candidate support" includes contributions by the candidate as well as loans made or guaranteed by the candidate. The column titled "trans from other auth" includes moneys transferred from House committees of candidates for the Senate, as well as proceeds from joint fundraising activity among several candidates or committees. Contributions from individuals and PACs made through these joint fundraising efforts are NOT included in the "individual contributions" or "other cmte contributions" columns.
5. Open seat races are those in which the incumbent did not seek reelection.
6. Detailed listings of candidates include those House general election candidates who reported receipts before December 31, 2002.
7. Some House members or former House candidates who are or were running for the Senate in 2002 changed their former House campaign committees into their Senate campaign committees. Financial activity related solely to their Senate campaigns cannot be isolated. (See Chambliss [GA], Thune [SD], and Warren [NC]).
8. Party abbreviations in the listing of House campaigns are:
9. Several candidates report significant debts at least some of which were incurred in previous election cycles. These include;