U.S. Representative Ed Royce (R-Calif.) spoke on the House floor yesterday in support of H.R. 78, the SEC Regulatory Accountability Act. The bill calls for the Commission to measure rules and regulations against the economic cost of enforcement and eliminate redundant past rules.
“What is the attempt in the [SEC Regulatory Accountability Act]? It is to make sure that the U.S. capital markets are unmatched in terms of their size, their depth, their resiliency, and their transparency. This SEC Regulatory Accountability Act gives the Commission the opportunity to ensure that its rules and regulations, past and present, are worth pursuing when measured against their economic cost. Growing access to capital, protecting investors, and preserving the world’s strongest capital markets are not mutually exclusive objectives. The European Union clearly recognizes this conundrum right now. They're launching a ‘Call for Evidence’ to investigate the unintended consequences created by their regulatory framework, because they are searching for balance in this too, to make sure that they have retrospective examination. It’s prudent, as the effectiveness of regulation is measured by outcomes rather than volume in a situation like this. It drives us towards efficiency in the markets,” said Rep. Royce.
Watch Rep. Royce deliver his remarks here or by clicking the image below.
U.S. Representative Ed Royce (R-Fullerton), Chairman of the House Foreign Affairs Committee and former Chairman of the U.S.-Republic of Korea Interparliamentary Exchange, released the following statement to mark Korean American Day today:
"Since January 13, 1903, when the first Korean families reached the United States, Korean Americans have taken root and thrived in our country through their strong family ties and hard work. In my own district, I am continually impressed with the Korean American community's commitment to upholding its rich heritage. The United States, and California in particular, has been strengthened by the contributions of Korean Americans in medicine, engineering, law, academia, art, and many other fields. Our country also shares close economic ties with South Korea, bolstered by passage of the Korea-U.S. free trade agreement which I championed in Congress. It was also my honor to champion the passage of H. Con. Res. 40, which encourages North Korea to allow Korean Americans to reunite with their family members."
U.S. Representative Ed Royce (R-Fullerton), Chairman of the House Foreign Affairs Committee, released the following statement to mark Human Trafficking Awareness Day:
"Modern day slavery results in a $150 billion a year profit. It's egregious and unacceptable that millions of people around the world are trafficked. That's why I'm proud to be a leader in the fight against this heinous crime. While Congress has made progress by giving more resources to those on the front lines, there is still plenty of work to be done. Just recently, Backpage closed its adult advertising section after my colleagues and I pressured it to do so. Traffickers are changing their tactics in the Internet era, which means we must be innovative to stay one step ahead of them."
Today, Chairman Royce cosponsored the Trafficking Survivors Relief Act, which allows human trafficking victims to petition courts to clear their criminal records of non-violent offenses that they committed while they were being trafficked.
Chairman Royce voted for passage of the Justice for Victims of Trafficking Act to protect victims by requiring traffickers to be treated as violent criminals for purposes of pre-trial release, monitoring, and detention. It also recognizes child pornography production as a form of human trafficking and ensures that victims have access to crucial support services. The President later signed this bill into law.
As Chairman of the House Foreign Affairs Committee, Chairman Royce also oversaw passage of three pieces of anti-trafficking legislation by the Committee last year. He authored H.R. 400, the Trafficking Prevention in Foreign Affairs Contracting Act, an anti-trafficking measure to ensure U.S. tax dollars do not support human trafficking among the thousands of foreign workers the U.S. government employs overseas.
In 2013, Chairman Royce launched a Human Trafficking Congressional Advisory Committee (HTCAC) to address human trafficking concerns, as well as offer policy recommendations. The HTCAC is comprised of victims’ rights groups, local and federal law enforcement agencies, and community advocates, and is actively working to combat human trafficking in Southern California.
U.S. Representative Ed Royce (R-Fullerton) released the following statement after voting in favor of the Inspiring the Next Space Pioneers, Innovators, Researchers, and Explorers (INSPIRE) Women Act (H.R. 321) and the Promoting Women in Entrepreneurship Act (H.R. 255):
“Inspiring young women to pursue careers in science, engineering, math and technology fields will help us build a stronger workforce, economy, and nation. If given the right tools and resources, there are no limits to what women in STEM fields can accomplish” said Rep. Royce. "Right now only 26 percent of women who attain degrees in STEM fields work in STEM jobs; that's a major problem that I'm committed to fixing."
The INSPIRE Women Act authorizes the NASA Administrator to encourage women and girls to study science, technology, engineering, and mathematics (STEM) and to pursue careers that will further advance America’s space science and exploration efforts through support of initiatives such as: NASA GIRLS and NASA BOYS; Aspire to Inspire; and the Summer Institute in Science, Technology, Engineering, and Research.
The bipartisan Promoting Women in Entrepreneurship Act authorizes the National Science Foundation (NSF) to use its entrepreneurial programs to recruit and support women to extend their focus beyond the laboratory and into the commercial world.
Due to his advocacy for greater STEM education in schools and universities, Rep. Royce was selected to be the national Co-Chair of the Congressional App Challenge. The Congressional App Challenge is designed to engage students’ creativity and encourage their participation in STEM education fields. It allows students to compete by creating and exhibiting their software application, or “app,” for mobile, tablet or computer devices on a platform of their choice.
Today, U.S. Representatives Ed Royce (R-Calif.), Jared Huffman (D-Calif.), Don Young (R-Alaska), and Peter DeFazio (D-Ore.) introduced H.R. 389, the Credit Union Residential Loan Parity Act. The bill ensures that loans to finance the purchase of small apartment buildings from both credit unions and banks are considered residential real estate loans:
"The Credit Union Residential Loan Parity Act unleashes billions of dollars of capital for small businesses at no cost to taxpayers and drives local economic investment," said Rep. Royce. "I look forward to working with Chairman Hensarling to advance this regulatory relief."
“Credit unions are vital to local communities and their economies on the North Coast and across America,” said Rep. Huffman. “The Credit Union Residential Loan Parity Act is a common-sense, bipartisan fix that ensures credit unions are able to do their job and assist small businesses in accessing capital, and making investments in local economies, while boosting the construction and housing sectors.”
“This legislation is good for business and good for consumers,” said Rep. Young. “Not only does it free up capital and expand access to responsible home lending, it provides community lenders with some commonsense regulatory relief.”
“Credit unions should not be constrained by arbitrary regulations that impair their ability to serve members who wish to invest in small residential properties," said Rep. DeFazio. "The Credit Union Residential Loan Parity Act puts credit unions on equal footing with banks and allows members additional choices when shopping for investment capital.”
Specifically, the bill 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. If enacted, the Credit Union Residential Loan Parity Act would allow credit unions to lend an additional $11 billion to small businesses, freeing up much needed private sector financing for commercial businesses and rental housing.
Importantly, the bill maintains the ability of the National Credit Union Administration (NCUA) to apply stringent underwriting and servicing requirements to these loans, which often depend on rent as a chief contributor towards repayment.Read More
Thousands of veterans who were forced to pay back the millions of dollars in bonuses they'd gotten for reenlisting to fight in Iraq and Afghanistan will get their money back.
The Pentagon announced Tuesday it has set up a process to reimburse or eliminate the debts of some 17,000 members of the California Army National Guard who got the bonuses between 2004 and 2010.
"The process is in place," said acting Undersecretary of Defense for Personnel and Readiness Peter Levine. "We believe that we can complete all these cases well before the July 1st deadline."
Levine's announcement came three months after Defense Secretary Ash Carter ordered the Pentagon to stop grabbing-back those bonuses, which were improperly awarded during the Bush Administration when it was struggling to find soldiers willing to fight in two unpopular wars.
"The error was an error on the part of the government as to whether they were eligible" for the bonuses, Levine said. "They may have been misled as to whether they were eligible."
The soldiers were then targeted by auditors after federal investigators discovered in 2010 that thousands of those bonuses, as well as student loan payments, were improperly approved.
The next year, Army Master Sgt. Toni Jaffe, the California National Guard's bonus and incentive manager, pleaded guilty to filing $15.2 million in false claims and was sentenced to 30 months in federal prison.
But instead of forgiving the botched bonuses, which were no fault of the soldiers, the California National Guard sicced auditors on the service men and women, arguing that the law demanded it.
It wasn't until California lawmakers began hearing from hard-pressed soldiers that the Pentagon realized what was happening and ordered it stopped.
"We don't give somebody a free education; we give them a free education in exchange for a service commitment and that's ... that's part of the bargain," Levine said. "The cases in California are different for several reasons. One is that many of these service members fulfilled their obligation."Read More
U.S. Representatives Ed Royce (R-Calif.) and Terri Sewell (D-Ala.), members of the House Financial Services Committee, released the following joint statement in reaction to today's release of the Federal Housing Finance Agency (FHFA) 2017 Scorecard:
“Alternative credit score consideration by the GSEs is a win-win: it opens up the market to those looking to buy a home in a responsible manner and fosters healthy competition in the credit scoring field. That's why there is strong bipartisan support in Congress for such a move. We encourage the FHFA to move forward without further delay."
Last year, Reps. Royce and Sewell introduced H.R. 4211, the Credit Score Competition Act, which enables Fannie Mae and Freddie Mac to consider credit scoring models they currently don't evaluate when making mortgage purchasing decisions. The Subcommittee on Financial Institutions and Consumer Credit held a hearing entitled "Examining Legislative Proposals to Address Consumer Access to Mainstream Banking Services" during which witnesses testified on the benefits of enacting such a policy change.
The 2017 Scorecard states that the FHFA expects the GSEs to: "Conclude assessment of updated credit score models for underwriting, pricing, and investor disclosures, and, as appropriate, plan for implementation."
Federal agencies don’t do enough to track and justify their use of live animals for research, several members of Congress wrote in a letter asking the U.S. Government Accountability Office to examine the issue.
Rep. Ken Calvert (R-Corona) and Rep. Dina Titus (D-Nev.) led the letter, which also was backed by Reps. Lucille Roybal-Allard (D-Downey), Ed Royce (R-Fullerton) and Mimi Walters (R-Irvine) and eight other House members.
“We have discovered it is impossible to determine what federal animal research programs currently entail, what they cost and if they meet federal standards because of the limited and decentralized information available publicly. Federal agencies are not currently required to publicly report their total use of animals in research, do not publish noncompliance reports and generally do not maintain searchable databases of animal research projects with information about their purpose, methods, results, and cost,” the letter says.
Calvert said without the reporting, it is difficult for Congress to tell whether the research is effective and where there may be redundancies.
“I’m not opposed to the rare testing of animals when it’s absolutely necessary,” Calvert said. But, “most people in America who are asked would say, ‘No, let’s not harm animals unnecessarily if there are other methods.’ ”
The representatives also are asking the government oversight agency to look at which federal agencies conduct animal research and testing and how each agency informs Congress and the public about the costs, type of research and outcomes of the testing. They also want the office to look at how agencies report problems with testing and report their efforts to develop alternatives to animal testing.
In addition, representatives are asking for data on how much money each agency spent on animal testing and how many animals were used in testing in fiscal year 2016.
“One, I like animals, but two, I don’t like waste,” Calvert said. “In the end, this is going to save a lot of money, and obviously it’s going to increase the welfare for many [animals].”
California’s members of Congress made a similar appeal earlier this year for information on the military’s use of animals for medical training instead of simulated human flesh.Read More
Free Grant Seminar For Nonprofit Organizations
Hosted by the Office of Representative Ed Royce (CA-39)
in conjunction with CSUF’s Gianneschi Nonprofit Summer School
Date: Wednesday, August 17, 2016
Time: 1:00 PM to 4:00 PM
Location: California State University, Fullerton Mihaylo College of Business and Economics, SGMH 1406
2550 Nutwood Ave. Fullerton, CA 92831
Parking and Directions here.
R.S.V.P. required here.
Programs for Nonprofit Organizations
Grant Assistance from Representative Ed Royce
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 email@example.com 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.
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The National Flood Insurance Program is poorly designed, costly & in desperate need of fundamental reform. https://t.co/qm8WkhwA0y
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"We would like to set the stage to move public opinion behind US leadership." - @RepEdRoyce
Enjoyed joining community members at the 佛光山西來寺 Fo Guang Shan Hsi Lai Temple for its Prayer for World Peace Ceremony. Good to see
Thanking wonderful Diamond Bar Library volunteers who are making our community a better place for our students.
Some good news as we recognize Human Trafficking Awareness Day. Offenders are changing their tactics in the Internet era, I'm working on keeping
Today I voted for multiple pieces of legislation that will support and encourage young women entering science, tech, engineering, and math (#STEM)
Here's the view from my office. Thank you to the men and women of law enforcement who are willing to put it all on the line for our community.