By Joe Adler for American Banker -- The administration's plan to spur small-business lending hit a big snag Tuesday as House Financial Services Committee Chairman Barney Frank acknowledged the program has no funding source. "I should say at the outset that there is one thing which ... is not here in the bill, and that's how this will be paid for," Frank said at a hearing. "If this bill were to pass unanimously in the House tomorrow or next week, it would not lead to the spending of money until t... Read more

By BRITTANY LEVINE THE ORANGE COUNTY REGISTER Nancy Weinstein went to Rep. Ed Royce, R-Fullerton, for help when her dream of opening an interior design store in China turned into a nightmare because of an "evil" landlord who she said forced her to pay him $1 million more than she owed. "This man destroyed the business in China, destroyed it," said Weinstein, an interior designer for Newport Beach homes. The House Subcommittee on Terrorism, Nonproliferation and Trade held a hearing Thursday to f... Read more

Rep. Ed Royce showed his commitment to addressing the healthcare needs of the small business community by signing the National Federation of Independent Business’ (NFIB) Solutions Start Here SM petition. In doing so, Royce pledged to work with the next president and Congress to enact meaningful reforms to address this healthcare crisis. "Small businesses are the backbone of the American economy and healthcare is their No. 1 issue, yet finding and providing affordable health insurance has become... Read more

Today, U.S. Rep. Ed Royce (R-CA-40) voted in favor of a series of fours bills aiming to crack down on lawsuit abuse in America, which have been bogging down our legal system, costing consumers millions of dollars, and putting small business at risk. Read more

U.S. Rep. Ed Royce (R-CA-40) voted in favor of legislation today that will bring relief to millions of small businesses around the country and allow them to join together to provide their employees with better, more affordable health insurance coverage. Read more

Orange County small businesses are finding it increasingly difficult to provide quality employee health care coverage. Read more

A bill authored by U.S. Rep. Ed Royce (R-CA-40) clarifying current law governing the mortgage servicing industry cleared the House today. The bipartisan Mortgage Servicing Clarification Act [H.R. 314] now heads to the Senate for consideration. Read more

Mr. Speaker, last year my colleagues and I on the conference committee for the Sarbanes-Oxley Act sent to the President a bill that included tough new criminal penalties for corporate malefactors. I think at that time we took a number of steps that were important. We drastically increased the sentencing guidelines for securities fraud, for document shredding, for mail and wire fraud. I think Congress provided a strong deterrent for many white-collar criminals that would misrepresent the true financial health of their companies. Read more

Mr. Speaker, I rise in strong support of this bipartisan legislation, H.R. 314. This is the Mortgage Servicing Clarification Act, which I have introduced with my colleague, the gentleman from Pennsylvania (Mr. Kanjorski). Read more

Saying the plan will create jobs and spur growth, U.S. Rep. Ed Royce (CA-40) issued the following statement today in support of President Bush's economic growth package: Read more