U.S. Representative Ed Royce

39th District of California
 
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  • Royce Highlights Harmful Impact of DOL Fiduciary Rule on Consumers
    Posted in Press Releases on April 28, 2016 | Preview rr
    Tags: Financial Services

    U.S. Representative Ed Royce (R-Calif.) made remarks on the floor of the House of Representatives in support of H.J. Res. 88, a Congressional Resolution disapproving the rule recently submitted by the Department of Labor relating to the definition of the term “fiduciary." "We do know that the negative impact of this rule on consumers is not hypothetical. The reason we know it is because the United Kingdom has already lived through an 'effectually identical' rule. The result in the U.K. was an 'a... Read more

  • Rep. Royce Supports Tax Relief for American Manufacturers
    Posted in Press Releases on April 27, 2016 | Preview rr
    Tags: Financial Services, Economy and Jobs

    U.S. Representative Ed Royce (R-Fullerton) voted for the American Manufacturing Competitiveness Act of 2016 (H.R. 4923), legislation to facilitate the ability of Congress to extend manufacturing tax relief to American manufacturers: “Southern California remains a manufacturing hub, but our current tax code hinders companies that make their goods here at home and have to face global competition on a daily basis," said Rep. Royce. "Lowering the tax burden on California's manufacturers better enabl... Read more

  • Royce Pushes for Private Flood Insurance Coverage
    Posted in Press Releases on April 26, 2016 | Preview rr
    Tags: Financial Services

    Today, U.S. Representative Ed Royce (R-Calif.) made remarks on the floor of the House of Representatives in support of H.R. 2901, the Flood Insurance Market Parity and Modernization Act: "Since its inception in 1968, the National Flood Insurance Program was never intended to cover policies the private sector was able and willing to underwrite. "In fact, one stated goal for the Program was that, quote, 'the federal government would create an opportunity for private industry to obtain… experience ... Read more

  • Royce Announces 2016 Congressional Art Competition Winners
    Posted in Press Releases on April 25, 2016 | Preview rr
    Tags: Education

    U.S. Representative Ed Royce (R-Fullerton) announced that Bianca Gutierrez of Glen A. Wilson High School is the winner of this year's Congressional Art Competition, which received a record 138 entries from high school students across California's 39th Congressional District: "As a strong supporter of an education in the arts, I believe that the Congressional Art Competition is a wonderful opportunity for our talented young people to express themselves," said Rep. Royce. "Congratulations to Bianc... Read more

  • Royce Questions SEC on Fiduciary Rule Involvement and Whistleblower Protections
    Posted in Press Releases on April 21, 2016 | Preview rr
    Tags: Financial Services

    Today, U.S. Representative Ed Royce (R-Calif.) questioned witnesses from the U.S. Securities and Exchange Commission (SEC) on its communication with the U.S. Department of Labor (DOL) regarding the fiduciary rule and whistleblower protections during a Capital Markets and Government Sponsored Enterprises Subcommittee hearing entitled “Continued Oversight of the SEC’s Offices and Divisions.” “Experts have deemed the United Kingdom’s Retail Distribution Review as being ‘effectually identical to the... Read more

  • Rep. Royce to Host Congressional Art Competition Exhibit
    Posted in Press Releases on April 19, 2016 | Preview rr
    Tags: Education

    U.S. Representative Ed Royce (R-Fullerton) will host a Congressional Art Competition Exhibit for the students from California's 39th Congressional District that submitted an entry to the contest. Event details are as follows: What: Congressional Art Competition Exhibit Host: U.S. Representative Ed Royce (CA-39) Date: April 23, 2016 Where: Fullerton Museum Center (301 N Pomona Ave, Fullerton, CA 92832) Time: 12 PM - 2 PM "The Congressional Art Competition is an opportunity for the talented young ... Read more

  • Rep. Royce Encourages California Youth to Participate in Congressional Award Program
    Posted in Press Releases on April 18, 2016 | Preview rr
    Tags: Education

    U.S. Representative Ed Royce (R-Fullerton) is calling on all youth ages 14-23 from California's 39th Congressional District to participate in this year’s Congressional Award Program, the highest honor Congress bestows upon young people. This bipartisan effort rewards those who have completed up to 100 hours in the areas of public service, physical fitness and personal development through individual goal setting. “The Congressional Award Program not only encourages public service, it fosters a se... Read more

  • Royce Highlights Barriers for Start-Ups Accessing Capital
    Posted in Press Releases on April 15, 2016 | Preview rr
    Tags: Financial Services

    Washington, D.C. – U.S. Representative Ed Royce (R-Calif.) questioned expert witnesses on the barriers start-up businesses face when trying to access capital during a Capital Markets and Government Sponsored Enterprises Subcommittee hearing entitled “The JOBS Act at Four: Examining Its Impact and Proposals to Further Enhance Capital Formation." “In California, as you know, we’ve got a world-class network of start-ups from Silicon Valley to Orange County. The issue of access to capital for start-... Read more

  • House Passes Royce OFR Accountability Reforms
    Posted in Press Releases on April 14, 2016 | Preview rr
    Tags: Financial Services

    The House of Representatives passed H.R. 3340, the Financial Stability Oversight Council Reform Act, which included an amendment offered by U.S. Representative Ed Royce (R-Calif.) to reform the Office of Financial Research (OFR). "A more open, collaborative, and cyber-secure Office of Financial Research would be better positioned to achieve its stated mission of promoting financial stability," said Rep. Royce on the floor of the House. "This amendment strengthens the OFR’s ability to ensure a tr... Read more

  • Royce to Push for OFR Provisions in FSOC Reform Legislation on House Floor
    Posted in Press Releases on April 13, 2016 | Preview rr
    Tags: Financial Services

    U.S. Representative Ed Royce (R-Calif.) will propose an amendment to the Financial Stability Oversight Council Reform Act which adds bipartisan legislation he authored, the Office of Financial Research Accountability Act of 2015, to the underlying bill: "OFR should be required to withstand scrutiny from financial regulators and the public. These changes are integral to FSOC reform as the Council makes designation decisions," said Rep. Royce. "A more open, collaborative, and secure OFR is better ... Read more