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Has the most recent campaign finance reform failed relative to interest groups? More broadly, what's next in the realm of interest group electioneering? This paper explores the role of interest groups in two areas: as contributors to candidates and parties and as candidate and issue advocates. Overall, the numbers reported here show that direct interest group influence with candidates and parties likely declined in the wake of reform. On the other hand, recent uncertainty in the regulatory environment should foster the expansion of interest group advocacy efforts (and has already done so in this year's presidential primary elections). On this score, the attempts of reformers to reduce interest group electioneering have likely failed. Instead of concluding that such a development is bad for American elections, however, this paper argues that such discontent is misplaced. Copyright ©2008 The Berkeley Electronic Press. All rights reserved.