|For Immediate Release
June 9, 2005
|CONGRESSIONAL CANDIDATES SPEND $1.16 BILLION DURING 2003-2004|
|WASHINGTON House and Senate candidates spent a
total of $1.157 billion seeking office during 2003-2004, according to a Federal Election
Commission summary. The 2,219 candidates who participated in primary and general election
campaigns for the U.S. Congress raised a total of $1.206 billion dollars during those two
years. These figures were 24% higher than the Congressional
campaigns of 2002.
During 2003-2004, Senate candidates raised $497.5 million and spent $496.4 million, about 52% more than 2002 levels. House candidates also increased their financial activity during 2003-2004, raising $708.5 million, 10% above 2002 totals, while spending $660.3 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 $720.8 million and, at 60% of total receipts, represent the largest source of funds for both House and Senate candidates. Contributions from PACs totaled $289.1 million, or 24% of receipts. Candidates themselves provided $133.3 million, which represented 11% of all fundraising. Contributions directly from individuals are more important in Senate campaigns (65% of receipts) than in House races (56%) while PACs represent a larger percentage of receipts for House candidates (32% vs. 13% in Senate races).
The chart below provides amounts (in millions of dollars) and percentages of PAC contributions in Congressional campaigns for the past six campaigns:
The following table summarizes the activity of winning campaigns (special elections not included) during the same six 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, 2003, or whenever the campaign registered during the year, through December 31, 2004 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. 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.
4. Open seat races are those in which the incumbent did not seek reelection.
5. Detailed listings of candidates include those House general election candidates who reported receipts before December 31, 2004.
6. Some House members or former House candidates who are or were running for the Senate in 2004 changed their former House campaign committees into their Senate campaign committees. Financial activity related solely to their Senate campaigns cannot be isolated.
(See Denise Majette [GA], John Thune [SD])
7. Party abbreviations in the listing of House campaigns are:
LIB - Libertarian
DFL Democrat/Farmer/Labor (MN)
PAF - Peace and Freedom
IND - Independent
RTL Right to Life
LBL - Liberal
8. Several candidates report significant debts at least some of which were incurred in previous election cycles. These include;
•Darrell Issa (CA)
•Erskine Bowles (NC)
•Robert Bennett (UT)
•James Cooper (TN)
•Christopher Chocola (IN)
•Rahm Emanuel (IL)
•Richard Renzi (AZ)
•Robert Beauprez (CO)
•Terry Everett (AL)