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  • 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

  • Rep. Royce on Signing of U.S.-E.U. Covered Agreement: “A Big Win for American Consumers”
    Posted in Press Releases on September 22, 2017 | Preview rr
    Tags: Foreign Affairs, Financial Services

    WASHINGTON D.C. – Today, 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 after the Office of the United States Trade Representative (USTR) and U.S. Treasury Department signed the U.S.-E.U. covered agreement: “Today’s signing of the covered agreement is a big win for American consumers. Providing regulatory certainty and leveling the playing field for U.S.-based... Read more

  • Rep. Royce Circulates Draft Bill to Modernize Anti-Money Laundering Laws
    Posted in Press Releases on September 14, 2017 | Preview rr
    Tags: Financial Services, Crime and Victims' Rights

    Washington, D.C. – Today, U.S. Representative Ed Royce (R-CA), circulated draft legislation, the Anti-Money Laundering Modernization Act, which strengthens the United States anti-money laundering (AML) and countering terrorism financing (CTF) system. Rep. Royce is seeking comments from stakeholders and bipartisan support to move this bill forward. “Our nation’s anti-money laundering and countering terrorism financing regime has been a 40-year work in progress and there is increasing recognition ... Read more

  • Rep. Royce Spearheads Effort to Expand Access to Credit for American Families
    Posted in Press Releases on September 7, 2017 | Preview rr
    Tags: Financial Services

    Click on the video above to watch Rep. Royce's remarks during Thursday's Financial Institutions and Consumer CreditSubcommittee Hearing. WASHINGTON, D.C. — Today, Representative Ed Royce (R-CA) questioned witnesses on his legislative proposal to protect and bolster consumer access to credit during a Financial Institutions and Consumer Credit Subcommittee Hearing entitled “Legislative Proposals for a More Efficient Federal Financial Regulatory Regime.” “Thank you Ms. Fortney, I think Congresswom... Read more

  • Reps. Royce and Moore Introduce Bipartisan GSE Reform Bill to Stabilize Housing Market
    Posted in Press Releases on July 28, 2017 | Preview rr
    Tags: Financial Services

    Washington, D.C. – Today, U.S. Representatives Ed Royce (R-CA) and Gwen Moore (D-WI), introduced H.R. 3556, the Taxpayer Protections and Market Access for Mortgage Finance Act, legislation requiring the GSEs to increase credit risk transfers (CRT) with the private sector. “Increasing private sector involvement in the secondary housing market is the first step in preventing another bailout paid for by American taxpayers,” said Rep. Royce. “Congress should direct Fannie and Freddie to increase the... Read more

  • Rep. Royce Praises Decision by USTR, Treasury Department to Sign U.S.-E.U. Covered Agreement
    Posted in Press Releases on July 16, 2017 | Preview rr
    Tags: Financial Services

    WASHINGTON D.C. - 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 praising the decision by the Office of the United States Trade Representative (USTR) and U.S. Treasury Department agreeing to sign the U.S.-E.U. covered agreement: “After nearly 18 months of discussions, collaboration and negotiations among relevant stakeholders, I’m pleased to see the U.S.-E.U. ... Read more

  • Bipartisan Support Grows for Rep. Royce’s Repeatedly Flooded Communities Preparation Act
    Posted in Press Releases on June 22, 2017 | Preview rr
    Tags: Financial Services

    Click on the video above to watch Rep. Royce's remarks during Wednesday's Financial Services Committee Markup. WASHINGTON, D.C. — On Wednesday, the House Financial Services Committee passed five bills to reform and reauthorize the National Flood Insurance Program (NFIP) including legislation sponsored by Representative Ed Royce (R-Calif.), H.R. 1558, the Repeatedly Flooded Communities Preparation Act. Highlights of his remarks from Wednesday’s markup are copied below: “It has been said that ‘in... Read more

  • Rep. Royce Speaks Out In Support of California's Community Banks and Credit Unions
    Posted in Press Releases on June 10, 2017 | Preview rr
    Tags: Financial Services

    WASHINGTON, D.C. — This week, U.S. Representative Ed Royce (R-Calif.) spoke on the House floor in support of H.R. 10, the Financial CHOICE Act which will provide much needed relief to California's community financial institutions in a responsible and proactive way. Copied below are his remarks. “I would like to make the point, I’m from the state of California and that has long been the innovation capital for new ideas in America and for high-tech. A place where a person with an idea, hard-work ... Read more

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