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  • Rep. Royce Calls on House to Pass Bipartisan Reforms to Avoid a Lapse of Flood Insurance Program
    Posted in Press Releases on July 25, 2018 | Preview rr
    Tags: Financial Services, Homeowner Assistance

    Click on the video above to watch Rep. Royce's remarks from the House floor on reforming the National Flood Insurance Program (NFIP) this past Tuesday. WASHINGTON, D.C. — This week, Representative Ed Royce (R-CA) spoke on the House floor in support of bipartisan reforms that will extend the National Flood Insurance Program (NFIP) which is currently set to lapse on July 31, 2018. Below is Representative Royce’s statement as prepared for delivery: “Mr. Speaker, we stand here today doing what we h... Read more

  • Rep. Royce Questions Fed Chair Powell on Housing Finance Reform and Money Market Funds
    Posted in Press Releases on July 19, 2018 | Preview rr
    Tags: Financial Services

    Click on the video above to watch Rep. Royce's remarks during Wednesday's Financial Services Committee Hearing with Jerome Powell, Chairman, Board of Governors of the Federal Reserve System. WASHINGTON, D.C. — This week, Representative Ed Royce (R-CA) participated in a House Financial Services Committee Hearing Entitled “Monetary Policy and the State of the Economy.” During the hearing, Rep. Royce questioned Jerome Powell, Chairman, Board of Governors of the Federal Reserve System, about housin... Read more

  • Reps. Royce, Blumenauer Introduce Legislative Package Extending and Enhancing National Flood Insurance Program
    Posted in Press Releases on July 18, 2018 | Preview rr
    Tags: Financial Services, Homeowner Assistance

    WASHINGTON, D.C. — This week, Representatives Ed Royce (R-CA) and Earl Blumenauer (D-OR) introduced the NFIP Extension and Enhanced Consumer and Community Protections Act of 2018 (H.R. 6402) — a bipartisan package of eight bills from the House Financial Services Committee to reform and extend the National Flood Insurance Program through November 30, 2018. H.R. 6402 includes common sense reforms to NFIP that ensure flood protections to those who need it while improving flood mapping and mitigatio... Read more

  • Royce Voices Opposition to Unconstitutional, Anti-Competitive Insurance Legislation
    Posted in Press Releases on July 9, 2018 | Preview rr
    Tags: Financial Services

    WASHINGTON, D.C. — With the House poised to pass the International Insurance Standards Act of 2017 (H.R. 4537) on the suspension calendar this week, U.S. Representative Ed Royce (R-CA) issued the following statement: “This bill is not only unconstitutional but anti-competitive; hampering our ability to represent U.S. interests in international fora. Supporters of this bill, including many State regulators represented by the National Association of Insurance Commissioners, appear more interested ... Read more

  • Multiple Royce Wins Included in Economic Regulatory Relief Bill
    Posted in Press Releases on May 22, 2018 | Preview rr
    Tags: Financial Services, Small Business, Jobs and the Economy

    WASHINGTON, D.C. — Today, by a vote of 258 to 159, the House passed a bipartisan economic regulatory relief package which incorporated three provisions authored by U.S. Representative Ed Royce (R-CA). The Royce provisions are aimed at increasing lending for small businesses, empowering under-banked consumers to access the mortgage market, and improving access to capital for companies looking to go public and hire more workers. Following passage of S. 2155, the Economic Growth, Regulatory Relief,... Read more

  • Remarks: Rep. Royce Supports Rolling Back CFPB Auto Dealers Power Grab
    Posted in Press Releases on May 9, 2018 | Preview rr
    Tags: Financial Services, Jobs and the Economy

    WASHINGTON, D.C. —U.S. Representative Ed Royce (R-CA) delivered a statement on the House floor in support of S.J.Res.57, which uses Congressional Review Act (CRA) authority to nullify the Bureau of Consumer Financial Protection’s (CFPB) guidance relating to indirect auto lending. Following Rep. Royce’s remarks, the House passed S.J.Res.57 by a vote of 234-175. Video of Rep. Royce’s remarks can be found HERE. Below is Rep. Royce’s statement (as prepared for delivery): “Following the housing and ... Read more

  • Rep. Royce Introduces Bill Increasing Taxpayer Protections from Future Bailouts
    Posted in Press Releases on March 22, 2018 | Preview rr
    Tags: Financial Services, Jobs and the Economy

    WASHINGTON, D.C. — Today, U.S. Representative Ed Royce (R-CA) released the following statement after joining Representatives Blaine Luetkemeyer (R-MO), and Dennis Ross (R-FL) in introducing H.R. 5381, the Government Risk and Taxpayer Exposure Reduction (GRATER) Act which reduces the risk of bailing out federal government programs by encouraging prudent risk management by agency and department heads: “Too often, American taxpayers are on the hook for government failures. However, recent examples... Read more

  • Royce Legislation Included in House-Passed 21st Century Flood Reform Act
    Posted in Press Releases on November 14, 2017 | Preview rr
    Tags: Financial Services, Homeowner Assistance

    WASHINGTON, D.C. – Today, the House passed H.R. 2874, the 21st Century Flood Reform Act, which incorporates a number of reforms authored by Rep. Royce including language aimed at decreasing the number of repeatedly flooded properties and a provision mandating better disclosures to consumers about flood risk before the sale of a house. Rep. Royce gave the following remarks (as prepared for delivery) in favor of the bill’s passage: “I rise in strong support of the 21st Century Flood Reform Act. I... Read more

  • Reps. Royce and Gonzalez Kickstart Bipartisan Effort to Crack Down on Money Laundering and Terrorism Financing
    Posted in Press Releases on November 13, 2017 | Preview rr
    Tags: Financial Services, Terrorism

    WASHINGTON, D.C. – Today, U.S. Representatives Ed Royce (R-CA) and Vicente Gonzalez (D-TX) introduced H.R. 4373, the bipartisan Anti-Money Laundering and Counter-Terrorism Financing Modernization Act or the AML and CTF Modernization Act which strengthens the United States anti-money laundering (AML) and counter-terrorism financing (CTF) system. “Financial criminals and terrorists have evolved in the decades since our anti-money laundering regime was built but our regulatory structure hasn’t kept... Read more

  • Rep. Royce Discusses Solutions for a Better Housing Finance System
    Posted in Press Releases on November 3, 2017 | Preview rr
    Tags: Financial Services, Homeowner Assistance

    Click on the video above to watch Rep. Royce's remarks during Thursday's Housing and Insurance Subcommittee Hearing Entitled “Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform – Part II.” WASHINGTON, D.C. — This week, Representative Ed Royce (R-CA) participated in a Housing and Insurance Subcommittee Hearing Entitled “Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform – Part II.” During the hearing, Rep. Royce advocated for two of... Read more

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