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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

  • 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 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

  • 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 Discusses Federal Housing Reforms with HUD Secretary Ben Carson
    Posted in Press Releases on October 12, 2017 | Preview rr
    Tags: Homeowner Assistance

    Click on the video above to watch Rep. Royce's remarks during Thursday's Financial Services Committee Hearing with U.S. Department of Housing and Urban Development Secretary Ben Carson. WASHINGTON, D.C. — Today, Representative Ed Royce (R-CA) questioned U.S. Department of Housing and Urban Development Secretary Ben Carson on federal housing reforms including his legislation, H.R. 3556, the Taxpayer Protections and Market Access for Mortgage Finance Act during a House Financial Services Committe... Read more

  • Reps. Royce, Sinema, and Sewell Push for Credit Score Competition
    Posted in Press Releases on February 7, 2017 | Preview rr
    Tags: Financial Services, Homeowner Assistance

    Today, U.S. Representatives Ed Royce (R-CA), Kyrsten Sinema (D-AZ), and Terri Sewell (D-AL) introduced H.R. 898, the Credit Score Competition Act. The bill enables Fannie Mae and Freddie Mac to consider alternative credit scoring models when making mortgage purchasing decisions. “Alternative credit score consideration by the GSEs is a win-win: it opens up the market in a responsible manner for those qualified to buy a home and eliminates the government-backed monopoly in credit scoring. That's w... Read more

  • Landmark California Drought Relief Legislation Heads to Senate
    Posted in Press Releases on December 8, 2016 | Preview rr
    Tags: Homeowner Assistance

    Today, U.S. Representative Ed Royce (R-Fullerton) voted for S. 612, the Water Infrastructure Improvements for the Nation (WIIN) Act, legislation to alleviate water shortages in California. The landmark compromise is the result of negotiations between California House Republicans and U.S. Senator Dianne Feinstein (D-Calif.) and will now be considered in the U.S. Senate. "Delivering relief from water shortages to California's families and farms isn't about politics. I'm glad that both sides of the... Read more

  • Royce Calls for Better Efficiency and Local Control in Public Housing Spending
    Posted in Press Releases on September 26, 2016 | Preview rr
    Tags: Homeowner Assistance

    U.S. Representative Ed Royce (R-Calif.) recently questioned witnesses on how to increase efficiency and local control in public housing spending during a Housing and Insurance Subcommittee hearing entitled “The Future of Housing In America: A Better Way to Increase Efficiencies For Housing Vouchers and Create Upward Economic Mobility." "The cost of the Housing Choice Voucher program consists of two parts: payments to owners to cover the difference between a tenant’s contribution and rent; and ad... Read more

  • Royce Presses Castro on Transparency and Accountability at HUD
    Posted in Press Releases on July 13, 2016 | Preview rr
    Tags: Homeowner Assistance

    U.S. Representative Ed Royce (R-Calif.) questioned U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro on the Federal Housing Agency's (FHA) forthcoming Property-Assessed Clean Energy (PACE) loan guidelines and HUD's Distressed Asset Stabilization Program (DASP) during a House Financial Services Committee hearing entitled "HUD Accountability.” “In August 2015, [FHA] Principal Deputy Assistant Secretary Ed Golding, who I see is with us today, announced anticipated guida... Read more

  • California GOP Delegation Releases Statement on California Water Shortage Legislation
    Posted in Press Releases on May 23, 2016 | Preview rr
    Tags: Homeowner Assistance

    U.S. Representative Ed Royce (R-Fullerton) and the Republican Members of California's Congressional Delegation issued the following statement regarding the upcoming consideration of multiple pieces of legislation addressing California's water shortages: "California House Republicans are prepared to lead Congress this week in major steps towards water solutions our state desperately needs. The House of Representatives is scheduled to consider California water legislation on the House amendment to... Read more

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