U.S. Representative Ed Royce (R-Calif.) recently questioned witnesses on the negative impact of rising corporate governance compliance costs on consumers during a Capital Markets and Government Sponsored Enterprises Subcommittee hearing entitled “Corporate Governance: Fostering a System that Promotes Capital Formation and Maximizes Shareholder Value.” "The U.S. has half as many publicly listed companies trading on its exchanges today as it did in 1996. That’s a pretty precipitous drop, and that ... Read more

Washington, D.C. – U.S. Representative Ed Royce (R-Fullerton) received the coveted "Guardian of Small Business" award from the National Federation of Independent Business (NFIB) for his support of legislation critical to small business owners and employees. Rep. Royce's voting record in the current session of Congress has a perfect rating from the Federation. "California's small businesses face enough red tape as it is, which is why I've made lowering the tax and regulatory burden on them a prio... Read more

Today, U.S. Representative Ed Royce (R-Fullerton) voted in support of H.R. 5538, the Department of Interior, Environment, and Related Agencies Appropriations Act for FY 2017. The legislation includes substantial provisions for California drought relief. "Delivering relief from water shortages to California's families and farms shouldn't be about politics. I've worked to advance constructive solutions to the challenges our state faces while balancing environmental standards with the water needs o... Read more

U.S. Representative Ed Royce (R-Calif.), Chairman of the House Foreign Affairs Committee, questioned Chair of the Federal Reserve Board of Governors Janet Yellen at the House Financial Services Committee hearing "Monetary Policy and the State of the Economy” today. “I am worried that the Federal Reserve has created a third pillar of monetary policy – that of a stable and rising stock market. I say that because then-Chairman Bernanke when he appeared here stated repeatedly that the goal of QE was... Read more

Fed Chair Janet Yellen 'Very Hopeful' for Economic Growth Fed Chair Janet Yellen rejected the notion that the Fed has a "third pillar" of policy to keep stock market prices afloat. On the second day of her semiannual congressional testimony Wednesday, Yellen was asked by Rep. Edward R. Royce, R-Calif., whether the U.S. central bank's monetary policy is tied to boosting Wall Street's equity values — in effect a "third pillar" to go along with the Fed's dual mandate of full employment and price st... Read more

On Capitol Hill, Yellen Finds Partisan Heat, Not Economic Light WASHINGTON — Year after year of disappointing growth in the United States. Disappearing middle-class jobs. Turmoil overseas, including the looming possibility that British voters will decide on Thursday to part ways with Europe. Urgent economic issues all. But what did some lawmakers on the House Financial Services Committee want to talk about on Wednesday when the Federal Reserve chairwoman, Janet Yellen, was called before them for... Read more

Deputy Secretary of the Interior Michael L. Connor has announced $7.2 million in funding through the Bureau of Reclamation’s Title XVI program for the Lower Chino Dairy Area Desalination project to expand its desalination capabilities. U.S. Representative Ed Royce (R-Fullerton) contacted the Department of Interior earlier this year in support of the project's bid. “I’m pleased that the Bureau of Reclamation has chosen to invest in the Lower Chino Dairy Area Desalination and Reclamation Project. ... Read more

U.S. Representative Ed Royce (R-Calif.) released the following statement after U.S. Representative Maxine Waters (D-Calif.), Ranking Member of the House Financial Services Committee, cosponsored two of his bipartisan credit union regulatory relief bills (H.R. 1188 and H.R. 1422): “Freeing up our nation’s credit unions to grow their local economies isn’t a partisan cause, and I thank Ranking Member Waters for her support of these proposals that are backed by both Democrats and Republicans. Removi... Read more

U.S. Representative Ed Royce (R-Calif.) has received the “Hero of Main Street” award from the National Retail Federation (NRF) for his support of legislation critical to the retail industry. Rep. Royce is part of a bipartisan group honored for their support of a wide range of issues including international trade, infrastructure investment, tax reform and workforce issues. "California's retailers are an integral part of their communities, and hire workers from all kinds of backgrounds," said Rep.... Read more

U.S. Representatives Ed Royce (R-Calif.) and Mark Pocan (D-Wisc.), Co-Chairs of the Congressional Cooperative Business Caucus, have written U.S. Secretary of Commerce Penny Pritzker to ask that cooperative businesses be included in the 2017 Economic Census. In their letter, signed by seven other members of the U.S. House of Representatives, Reps. Royce and Pocan note that since 1997, the Economic Census survey forms stopped providing a checkbox for “cooperative” in its Legal Form of Organization... Read more