This paper examines several hypotheses that have been proposed to explain the existence and growth of legislators' campaign "warchests". We examine the sources and political consequences of warchests in US House elections over the period of 1978-1998. Briefly, our findings are as follows. First,...

This paper uses newly available data from the 1995 Lobby Disclosure Act to assess the argument that PAC contributions are used to gain access to legislators. First, we find a much stronger connection between lobbying and campaign contributions than previous statistical research has...