U.S. Representative Ed Royce

39th District of California
 
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  • Royce: Covered Agreement Levels the Insurance Playing Field
    Posted in Press Releases on January 13, 2017 | Preview rr
    Tags: Financial Services

    U.S. Representative Ed Royce (R-Calif.), Chairman of the House Foreign Affairs Committee and a senior member of the House Financial Services Committee, released the following statement in reaction to the Office of the United States Trade Representative (USTR) and Treasury Department finalizing terms of a U.S.-E.U. covered agreement: "After the implementation of Solvency II which disadvantaged U.S. companies, this historic agreement gives American reinsurers the opportunity to compete on a level ... Read more

  • Rep. Royce Pushes for Accountability in SEC Rulemaking
    Posted in Press Releases on January 13, 2017 | Preview rr
    Tags: Financial Services

    U.S. Representative Ed Royce (R-Calif.) spoke on the House floor yesterday in support of H.R. 78, the SEC Regulatory Accountability Act. The bill calls for the Commission to measure rules and regulations against the economic cost of enforcement and eliminate redundant past rules. “What is the attempt in the [SEC Regulatory Accountability Act]? It is to make sure that the U.S. capital markets are unmatched in terms of their size, their depth, their resiliency, and their transparency. This SEC Reg... Read more

  • Chairman Royce Recognizes Korean American Day
    Posted in Press Releases on January 13, 2017 | Preview rr
    Tags: Asia and the Pacific

    U.S. Representative Ed Royce (R-Fullerton), Chairman of the House Foreign Affairs Committee and former Chairman of the U.S.-Republic of Korea Interparliamentary Exchange, released the following statement to mark Korean American Day today: "Since January 13, 1903, when the first Korean families reached the United States, Korean Americans have taken root and thrived in our country through their strong family ties and hard work. In my own district, I am continually impressed with the Korean America... Read more

  • Chairman Royce Continues to Lead the Fight Against Human Trafficking
    Posted in Press Releases on January 11, 2017 | Preview rr
    Tags: Human Rights

    U.S. Representative Ed Royce (R-Fullerton), Chairman of the House Foreign Affairs Committee, released the following statement to mark Human Trafficking Awareness Day: "Modern day slavery results in a $150 billion a year profit. It's egregious and unacceptable that millions of people around the world are trafficked. That's why I'm proud to be a leader in the fight against this heinous crime. While Congress has made progress by giving more resources to those on the front lines, there is still plen... Read more

  • Bipartisan Legislation Introduced to Free Up Credit Union Lending
    Posted in Press Releases on January 10, 2017 | Preview rr
    Tags: Small Business

    Today, U.S. Representatives Ed Royce (R-Calif.), Jared Huffman (D-Calif.), Don Young (R-Alaska), and Peter DeFazio (D-Ore.) introduced H.R. 389, the Credit Union Residential Loan Parity Act. The bill ensures that loans to finance the purchase of small apartment buildings from both credit unions and banks are considered residential real estate loans: "The Credit Union Residential Loan Parity Act unleashes billions of dollars of capital for small businesses at no cost to taxpayers and drives local... Read more

  • Rep. Royce Champions Women's Empowerment
    Posted in Press Releases on January 10, 2017 | Preview rr
    Tags: Education

    U.S. Representative Ed Royce (R-Fullerton) released the following statement after voting in favor of the Inspiring the Next Space Pioneers, Innovators, Researchers, and Explorers (INSPIRE) Women Act (H.R. 321) and the Promoting Women in Entrepreneurship Act (H.R. 255): “Inspiring young women to pursue careers in science, engineering, math and technology fields will help us build a stronger workforce, economy, and nation. If given the right tools and resources, there are no limits to what women i... Read more

  • Reps. Royce and Sewell Urge Alternative Credit Score Consideration by GSEs
    Posted in Press Releases on December 15, 2016 | Preview rr
    Tags: Financial Services

    U.S. Representatives Ed Royce (R-Calif.) and Terri Sewell (D-Ala.), members of the House Financial Services Committee, released the following joint statement in reaction to today's release of the Federal Housing Finance Agency (FHFA) 2017 Scorecard: “Alternative credit score consideration by the GSEs is a win-win: it opens up the market to those looking to buy a home in a responsible manner and fosters healthy competition in the credit scoring field. That's why there is strong bipartisan support... Read more

  • Royce Announces CA-39 Congressional Award Winners
    Posted in Press Releases on December 14, 2016 | Preview rr
    Tags: Education

    U.S. Representative Ed Royce (R-Fullerton) announced this year's winners from California's 39th Congressional District of the Congressional Award, the highest honor Congress bestows upon young Americans. This Congressional recognition is reserved for students who have completed up to 100 hours in the areas of public service, physical fitness, and personal development. A full list of winners can be viewed here. “The Congressional Award Program not only encourages public service, it fosters a sens... Read more

  • Financial Services Members Move the Needle Forward on Housing Finance Reform
    Posted in Press Releases on December 12, 2016 | Preview rr
    Tags: Financial Services

    Thursday, two bills were introduced by a bipartisan group of members on the House Financial Services Committee to lay the groundwork for housing finance reform next Congress -- H.R. 6500, the Moving Housing Forward Act, introduced by Congressmen John K. Delaney (D-MD), John Carney (D-DE), and Jim Himes (D-CT) and H.R. 6487, the Taxpayer Protections and Market Access for Mortgage Finance Act introduced by Congressman Ed Royce (R-CA) and Congresswoman Gwen Moore (D-WI). Both proposals seek to addr... Read more

  • Rep. Royce Explores Economic Impacts of Lack of Short-Term Access to Capital
    Posted in Press Releases on December 9, 2016 | Preview rr
    Tags: Financial Services, Economy and Jobs

    U.S. Representative Ed Royce (R-Calif.) questioned witnesses about the ramifications of recent rules and regulations on short-term access to capital during a Subcommittee on Capital Markets and Government Sponsored Enterprises hearing entitled “The Impact of Regulations on Short-Term Financing.” “The United States is home to capital markets that are unmatched in terms of the size of our markets, the transparency, the depth, and the resiliency as we have seen. They provide the fuel that keeps the... Read more