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. Removing these arbitrary lending restrictions in this manner unlocks capital for small businesses looking to hire, expand, and invest, all the while ensuring the safety and soundness of the credit union system.”
H.R. 1188 (Royce-Meeks), the Credit Union Small Business Jobs Creation Act, increases the member business lending (MBL) cap for qualified credit unions from 12.25% to 27.5%. If enacted, the legislation would allow credit unions to lend an additional $13 billion to small businesses, which could create an estimated 140,000 new jobs. To qualify for the higher cap a credit union must be well capitalized, have a history of member business lending experience, be operating near the cap for at least one year, and receive approval by the National Credit Union Administration (NCUA).
H.R. 1422 (Royce-Huffman), the Credit Union Residential Loan Parity Act, removes loans made for the purchase of non-owner occupied, 1-4 unit dwellings from the calculation of the member business lending (MBL) cap currently imposed on credit unions. Importantly, the bill maintains the ability of the NCUA to apply stringent underwriting and servicing requirements to these loans, which often depend on rent as a chief contributor towards repayment.
Rep. Royce is a senior member of the House Financial Services Committee, with membership on both the Capital Markets and Government Sponsored Enterprises Subcommittee and the Housing and Insurance Subcommittee.Read More
In recognition of his work fighting against discrimination towards Asian Americans by elite universities, House Foreign Affairs Committee Chairman Ed Royce (R-Fullerton) has been awarded the "Champion of Equal Education Rights Award" by the Asian American Coalition for Education (AACE).
“Being Asian American should not be an obstacle to receiving a top university education. It’s sad I have to make that clear in 2016. An education is the path to success for many Americans, which is why I find these allegations of discrimination so disturbing. Supporting the Coalition’s complaints is a mountain of evidence. Asian American parents are right to be concerned when their hard-working, high-performing children are shut out of top schools. We should be encouraging and inspiring our children to excel, not telling them their academic performance and merits are less important than their ethnicity. Any discrimination by elite universities against Asian American students is wrong and an offense to our Constitution’s 14th Amendment which offers citizens equal protection under the law. I will keep fighting to ensure that the Asian American community is not discriminated against in any way,” said Chairman Ed Royce.
"Congressman Ed Royce has been continuously supporting the Asian American community, especially in the field of equal education rights. Last year he took the lead to write a letter in support of our Administrative Complaint against Harvard's discriminatory admission practice against Asian American applicants. Hereby, the Asian American Coalition for Education presents Congressman Ed Royce with the Champion of Equal Education Rights Award," said Mr. YuKong Zhao, President of the Asian American Coalition for Education.
Last year, Chairman Royce sent a letter to the U.S. Department of Education and U.S. Department of Justice in support of the AACE's complaint against Harvard University alleging systemic discrimination by the admissions council towards qualified Asian American applicants. Chairman Royce asked both Departments to thoroughly investigate the allegations. AACE, which is made up of over 100 civic groups representing the Asian American community, plans to file a similar joint complaint against Yale University, Brown University, and Dartmouth College. This represents the largest joint legal action ever taken by Asian Americans communities against Ivy League universities.
The President of the United States also signed legislation first authored by U.S. Representative Grace Meng (D-N.Y.) and Chairman Ed Royce to strike the offensive term "Oriental" from preexisting federal law and replace it with “Asian American.”
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. Royce. "I'll continue to support pro-growth policies that are good for Main Street businesses and the employees that rely on them."
“Congressman Royce has shown through his support that he cares about retailers big and small, and values the role these businesses play in communities across the country,” said NRF President and CEO Matthew Shay.
The Hero of Main Street award was created by NRF in 2013 to recognize members of Congress for support of the retail industry’s public policy priorities. Eligibility is based on NRF’s Retail Opportunity Index, bill sponsorship and advocacy to advance the industry’s priorities. The “heroes” have supported policies and initiatives defined by NRF that recognize the contributions of the retail industry, and have worked to encourage a “vibrant, sustained and healthy” retail sector.
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans.
The federal government will no longer use the terms "Negro" and "Oriental" after President Barack Obama signed a bill into law.
The official terms will be African-American and Asian-American. Welcome to 2016.
In a rare show of bipartisan support, the measure H.R.4238, passed unanimously in the House of Representatives and the Senate earlier this year. Obama signed it into law Friday.
The measure updates the terms the U.S. federal government uses to describe minorities, including American Indian to Native American and "Spanish speaking individual of Spanish descent" to Hispanic.
Here's what the bill states:
Office Of Minority Economic Impact.—Section 211(f)(1) of the Department of Energy Organization Act (42 U.S.C. 7141(f)(1)) is amended by striking "a Negro, Puerto Rican, American Indian, Eskimo, Oriental, or Aleut or is a Spanish speaking individual of Spanish descent" and inserting "Asian American, Native Hawaiian, a Pacific Islander, African American, Hispanic, Puerto Rican, Native American, or an Alaska Native".
"The term 'Oriental' has no place in federal law and at long last this insulting and outdated term will be gone for good," said Rep. Grace Meng of New York, who sponsored the bill.
Meng, a Democrat from Queens, encountered the term while doing legislative research and had sought to eliminate its usage from government terminology.
"Many Americans may not be aware that the word 'Oriental' is derogatory. But it is an insulting term that needed to be removed from the books, and I am extremely pleased that my legislation to do that is now the law of the land," she said in a statement.
Meng had similarly pushed a law that eliminated the use of the word when she served in the New York Legislature in 2009.
The H.R. 4328 bill had 76 cosponsors, including all 51 members of the Congressional Asian Pacific American Caucus. One of the original cosponsors included Rep. Ed Royce, a California Republican.
"Our country is a rich tapestry of cultural backgrounds, and Americans of all backgrounds deserve to be treated with dignity and respect," he said in a statement.Read More
Rep. Ed Royce (R-Calif.), chairman of the House Foreign Affairs Committee, called for a management overhaul of the Transportation Security Administration (TSA) Sunday, saying the TSA could be more effective.
While talking about legislation that would allow for hiring of more screeners to cut down on long lines, Royce said the TSA needs to step in and overhaul management.
“One of the difficulties we've had is with a great deal of turnover over at TSA, and there's certainly management problems at TSA. So with this legislation — it's also important the administration move in with an overhaul of management at the TSA to make them more effective,” Royce said on ABC’s “This Week."
“Replace the administrator?” host George Stephanopoulos asked.
“Well, I think we have to have better results at TSA, and I think most of the audits show that there are management problems there,” Royce said.
Royce’s comments come amid reports of lengthy lines at U.S. airports that are expected to get worse during the summer.Read More
Today, the President of the United States signed legislation first authored by U.S. Representatives Grace Meng (D-N.Y.) and Ed Royce (R-Calif.) to strike the term "Oriental" from preexisting federal law and replace it with “Asian American.” The newly signed bill, H.R. 4238, also removes the terms "Negroes," "Indians," and "Eskimos" from federal law.
“Nobody, let alone the federal government, should use a hurtful term like ‘Orientals’ when referring to Americans of Asian descent. Our country is a rich tapestry of cultural backgrounds, and Americans of all backgrounds deserve to be treated with dignity and respect,” said Rep. Royce, Chairman of the House Foreign Affairs Committee. “I was proud to support Congresswoman Meng as she led the charge on this issue, and I applaud her perseverance and success.”
“The term ‘Oriental’ has no place in federal law and at long last this insulting and outdated term will be gone for good. No longer will any law of the United States refer to Asian Americans in such an offensive way, and I applaud and thank President Obama for signing my bill to get rid of this antiquated term," said Rep. Meng, author of the bill. "Many Americans may not be aware that the word ‘Oriental’ is derogatory. But it is an insulting term that needed to be removed from the books, and I am extremely pleased that my legislation to do that is now the law of the land.”
U.S. Representative Ed Royce (R-Calif.) questioned witnesses on the impact of eliminating class-action lawsuit waivers on those offering credit monitoring services during a Financial Institutions and Consumer Credit Subcommittee hearing entitled "Examining the CFPB’s Proposed Rulemaking on Arbitration: Is it in the Public Interest and for the Protection of Consumers?”
“The Credit Repair Organizations Act, CROA, is a strict liability consumer protection statute that Congress passed to defend consumers against false claims of 'fixing' credit reports. Unfortunately, access to credit monitoring services provided by credit bureaus and others has been threatened by the courts moving away from Congress’ original intent with CROA. Mr. Pincus, what’s the impact of eliminating class-action lawsuit waivers for those under CROA’s jurisdiction that offer credit score monitoring?" asked Rep. Royce.
“Unfortunately it will open the door to these very large, very draconian class-actions that can really impose and threaten hundreds of millions, maybe more, in liability. In the real world, we don't know whether it's meritorious or not, but the company can't take the chance. It's either going to have to pay a lot of money in settlement, which is going to change its whole business structure, or it's going to conclude it can't be in that business anymore because the risk is too great,” replied Mr. Andrew Pincus, Partner at Mayer Brown LLP testifying on behalf of the U.S. Chamber of Commerce.
“Without a fix to the CFPB’s rule or a fix to CROA, which I’ve proposed with H.R. 347, the Facilitating Access to Credit Act, my conclusion would be that credit monitoring products and services will be severely limited," concluded Rep. Royce.
Watch Rep. Royce's questioning of the witnesses here or by clicking the image below.Read More
U.S. Representative Ed Royce (R-Calif.) questioned witnesses on the impact of eliminating class-action lawsuit waivers on credit unions and community banks during a Financial Institutions and Consumer Credit Subcommittee hearing entitled "Examining the CFPB’s Proposed Rulemaking on Arbitration: Is it in the Public Interest and for the Protection of Consumers?”
“Community financial institutions, such as credit unions and community banks, have to maintain strong personal relationships with their customers. At a time of unprecedented regulatory burdens, their success depends upon this. To Mr. Hong, how does the arbitration process benefit consumers and contribute to better relationships between consumers and their community financial institutions? What will happen when the CFPB opens up credit unions and community banks to class-action lawsuits?" asked Rep. Royce.
“One of the benefits arbitration can provide them, is the fact that they’ve developed these dispute resolution processes that are more informal and convenient for consumers in nature. So if you take away their ability to offer those types of proceedings, you potentially open them up for dramatic increases in class-action litigation risk. In those instances, they will probably have to have a conversation with at least their prudential regulators about how they should take compensatory actions on their side to reserve more capital to deal with that type of risk. I’m sure it just makes prudent business sense to hold on to more capital for defensive litigation purposes,” replied Mr. Dong Hong, Vice President and Regulatory Counsel at the Consumer Bankers Association.
"I’d like to ask unanimous consent to submit a letter to the record from the Credit Union National Association that highlights the problems the CFPB’s arbitration rule will create for community financial institutions," concluded Rep. Royce.
Watch Rep. Royce's questioning of the witnesses here or by clicking the image below.
U.S. Representative Ed Royce (CA-39) invites you to attend the:
Congressional App Challenge STEM Competition
2016 Exhibit and Awards Ceremony
Date: Wednesday, February 17, 2016
Time: 7 PM PST
Location: Richard Nixon Presidential Library and Museum
Address: 18001 Yorba Linda Blvd., Yorba Linda, CA 92886
- Discover the winners of the 2016 STEM Competition
- View innovative mobile apps created by CA-39's brightest minds
Featured speakers include:
Marc Fischer, CEO and Co-Founder of Dogtown Media
LTC Dennis Sugrue, L.A. Deputy Commander of the U.S. Army Corps of Engineers
Tom Ward, CTO of MEDL Mobile
Competition judges include:
Nanxi Liu, CEO and co-founder of Enplug, Inc.
Simon Evans, professional civil engineer and certified floodplain manager
Dr. Keun-Hang Susan Yang, Ph.D, Director of International Science Programs and Professor of Computational Biology/Neuroscience and Bioscience at Chapman University
Laurie Smith, Program Manager at Science@OC
Chi Ni, Founder of Straight A, Inc.
RSVP to Stephanie Hu at Stephanie.Hu@mail.house.gov or (626) 964-5123. More event details can be found here.
Webinar participants will learn how MIT App Inventor can help you design, build, and submit an Android app just in time for the April 30th STEM Competition deadline!Students entering the competition must submit their app’s source code online during the Competition Submission Period between 12 PM Eastern Standard Time on FEBRUARY 1ST, 2014, and 11:59 PM Eastern Daylight Time on APRIL 30TH, 2014, as well as provide a YouTube or VIMEO video demo explaining their app and what they learned through this competition process. Learn more about Rep. Royce's 2014 STEM Competition here or by following #2014RoyceSTEM on Facebook and Twitter. You can also download the Rep. Royce STEM Competition mobile app, available for free in the iTunes store (Android version coming soon).
On Monday, November 4th, Rep. Ed Royce, Chairman of the House Foreign Affairs Committee, will hold the Committee’s first field hearing to examine international human trafficking and to assess efforts to combat trafficking at the international, Federal, State and local levels. The hearing, entitled “Regional Perspectives in the Global Fight Against Human Trafficking,” will begin at 10:00 a.m. PT will be held in the Titan Student Union building on the campus of California State University, Fullerton.
Note: Earlier this year, Chairman Royce launched a Human Trafficking Congressional Advisory Committee (HTCAC), which is comprised of victims’ rights groups, local and federal law enforcement agencies, and community advocates. HTCAC meets on a monthly basis to address human trafficking concerns, as well as offer policy recommendations. In May, Chairman Royce convened a Committee hearing to examine local and private sector initiatives to combat international human trafficking.
Hearing: “Regional Perspectives in the Global Fight Against Human Trafficking”
California State University, Fullerton
Titan Student Union
800 N. State College Blvd.
Fullerton, CA 92834
For a campus map and parking information click HERE.
Monday, November 4, 2013
10:00 a.m. PT
The Honorable Luis CdeBaca
Office to Monitor and Combat Trafficking in Persons
U.S. Department of State
The Honorable Tony Rackauckas
Office of the Orange County District Attorney
Ms. Kay Buck
Executive Director and Chief Executive Officer
Coalition to Abolish Slavery and Trafficking
*Witnesses may be added.
***Important planning note for press covering hearing:
The hearing will be webcast at www.foreignaffairs.house.gov.
Members of the media must RSVP by Friday, November 1 at 12 p.m. to Audra McGeorge at firstname.lastname@example.org to receive credentials to cover the hearing from the press viewing area.
Following the hearing, there will be a media availability to discuss human trafficking.Read More
The event will feature Keynote speaker Rebekah Bell whose opinion piece in the Wall Street Journal on how she graduated from college debt-free offered important advice to students on avoiding crushing student loan debt. Additionally, the seminar will provide information about the Free Application for Federal Student Aid (FAFSA) program as well as other federal and private student loans, grants, and other financing options.
A member of Rep. Ed Royce's staff will be available for mobile office hours on Thursday, October 3rd in the Red Tailed Hawk Room in the City Clerk’s Office at Chino Hills City Hall (14000 City Center Dr.). Mobile office hours provide an opportunity for constituents to meet with Rep. Royce and his staff members for assistance with a variety of services and issues. Office hours on Thursday, October 3rd will be held from 9:00am - 4:00pm. Please call (909) 420-0010 with any questions.Read More
2185 Rayburn HOB
Washington, DC 20515
U.S. Representative Ed Royce (R) is serving his eleventh term in Congress representing Southern California’s 39th District, based in Orange, Los Angeles, and San Bernardino Counties. He and his wife, Marie, are longtime residents of Fullerton, CA.
Royce’s priorities in Congress are: addressing our national debt, protecting our homeland, eliminating pork-barrel spending, fighting crime and supporting victims of crime, strengthening education for all students, spurring job creation and strengthening Social Security and Medicare.
Royce has a strong history of public service. In 1982, he was elected to the California State Senate where he began his fight for victims’ rights. He authored the nation’s first anti-stalker law and versions of his bill have been adopted in all 50 states. He was also the legislative author and campaign co-chairman of California’s Proposition 115, the Crime Victims/Speedy Trial Initiative, approved by the voters in 1990. In Congress, Royce continues his fight for victims’ rights. He wrote and passed the Interstate Stalking Punishment and Prevention Act in 1996. This law makes it a federal crime to pursue a victim across state lines and enables law enforcement to intervene before violence occurs. Royce was active in passing AMBER Alert legislation in 2003, and legislation in 2004 to enhance rights for victims of crime. He currently is a member of the Victim’s Rights Caucus.
For the 113th Congress, Royce was selected to be Chairman of the House Foreign Affairs Committee. Royce has served on the Committee since entering Congress in 1993. Immediately prior to becoming Chairman of the Committee, Royce served as Chairman of the Subcommittee on Terrorism, Nonproliferation, and Trade and a member of the Subcommittee on Asia and the Pacific.
As a senior member of the House Financial Services Committee, Royce sits on two Subcommittees: Capital Markets and Government Sponsored Enterprises, and Insurance and Housing. Royce has served on the conference committees for some of the most significant legislation in the financial services arena. For more than a decade Royce has called for a stronger federal regulator to limit Fannie Mae and Freddie Mac’s excessive risk taking at the expense of taxpayers. In 2003, he was the first member of Congress to write legislation calling for a single regulator under the Treasury Department for the three housing government sponsored enterprises: Fannie Mae, Freddie Mac, and the twelve Federal Home Loan Banks.
Royce has consistently earned honors and awards from the National Taxpayers Union, Citizens Against Government Waste, National Federation of Independent Businesses, Watchdogs of the Treasury, Americans for Tax Reform, U.S. Chamber of Commerce, United Seniors Association, 60 Plus, American Share Holders Association, Citizens for a Sound Economy and the Small Business Survival Committee.
A California native, Royce is a graduate of California State University, Fullerton, School of Business Administration. Prior to entering public service, his professional background includes experience as a small business owner, a controller, a capital projects manager, and a corporate tax manager for a Southern California company. Royce and his wife, Marie, have been married for 28 years.
Retweeted by repedroyce
Retweeted by repedroyce
Retweeted by repedroyce
Retweeted by repedroyce
Retweeted by repedroyce
Good to see the Orange County Business Council in town - we discussed trade, transportation, education, and healthcare issues important to the
As Chairman of the House Foreign Affairs Committee, I joined ABC News' This Week with George Stephanopoulous to discuss the latest on Egypt Air
As we celebrate National Police Week, I want to recognize all of the law enforcement professionals that keep our community safe. Thank you for
I "testified" for the students of St. Juliana Falconieri School as they took over the House Foreign Affairs Committee during their D.C. tour
Obama Administration officials have denied that the Administration ever knowingly transferred a Guantanamo Bay detainee to a country that could