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Royce Oped: Bailout plan could mutate into a gravy train of tax money
Nov 13, 2008
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The following oped by Rep. Ed Royce appeared in the Orange County Register.
Exit polls suggest President-elect Barack Obama won largely because of our economic distress. With the White House in Democratic control, and the Democratic congressional majority expanded, new economic stimulus plans w...
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Royce Discusses Bailout Vote
Oct 3, 2008
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Today, I voted no on the $700 billion bill to bail out failing financial institutions. While I believe the underlying problems in our economy are serious and need to be addressed, the bill put forward did not do enough to protect taxpayers and did not enact the reforms needed to prevent similar econ...
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"House turns down Wall Street bailout; Dow down nearly 500" from Orange County Register
Sep 29, 2008
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By Dena Bunis for The Orange County Register – In a nail-biter vote, the House of Representatives just voted down the bipartisan $700 billion financial bailout compromise by a vote of 205-228.
Orange County's lawmakers split their votes: Reps. John Campbell, R-Irvine, Gary Miller, R-Diamond ...
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Royce Statement on Bailout
Sep 29, 2008
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Today, I voted No on the $700 billion bill to bail out failing financial institutions. While I believe the underlying problems in our economy are serious and need to be addressed, the bill put forward did not do enough to protect taxpayers and did not enact the reforms needed to address the underlyi...
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Royce Oped: Inevitable Collapse
Sep 26, 2008
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The following oped, Inevitable Collapse by Royce appeared in today's Washington Times.
Much of the debate in Washington lately has focused on the Treasury Department's proposal to address the current market turmoil through a $700 billion program. While overleveraging and poor inve...
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"Desperate Straits of Fannie, Freddie Triggered Their Seizure" from Wall Street Journal
Sep 26, 2008
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By Jessica Holzer from the Wall Street Journal -- The regulator of Fannie Mae and Freddie Mac told lawmakers Thursday that the federal government seized control of the mortgage giants after they said they wouldn't be able to raise more capital without financing from the U.S. Treasur...
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WSJ Oped: "Insurance Companies Need a Federal Regulator"
Sep 23, 2008
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The following is an opinion editorial by Sen. Sununu, Sen. Johnson, Rep. Bean and Rep. Royce which appeared in the Wall Street Journal.
Insurance Companies Need a Federal Regulator
Never before has the Federal Reserve felt compelled to commit tens of billions of taxpayer dollars to shore up...
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Royce and Bean Respond to Bailout of AIG, Reiterate Need for OFC
Sep 17, 2008
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Reps. Ed Royce (CA-40) and Melissa Bean (IL-08), coauthors of the National Insurance Act, pointed to the Federal Reserve's unprecedented bailout of insurance giant AIG as a startling indication of the need to establish an optional federal charter for insurance.
"This unprecedented move by the Fed...
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"AIG Loan May Boost Efforts For Federal Insurance Regulation" from Dow Jones
Sep 17, 2008
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By Michael Crittenden for Dow Jones -- The Federal Reserve's bailout of insurer American International Group Inc. (AIG) could be the catalyst for greater federal intervention in an industry that historically has only been regulated by individual states.
Proponents of providing some form of federa...
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"OFC backers say AIG deal boosts case for federal role" from Business Insurance
Sep 17, 2008
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By Mark Hofmann for Business Insurance — Advocates of optional federal regulation of insurers say that the federal government's takeover of American International Group Inc. bolsters their case that the state-based insurance regulatory system should be changed.
In a joint statement, Rep. Mel...
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