U.S. Representative Ed Royce

I am a senior member of the Financial Services Committee, which oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. The Committee also oversees the work of the Federal Reserve, the Treasury, the SEC, and other financial services regulators.

Within the Financial Services Committee there are five Subcommittees. I serve on two: the Subcommittee on Capital Markets and Government Sponsored Enterprises and the Subcommittee on Financial Institutions and Consumer Credit. 

I have served on the conference committees for some of the most significant legislation in the financial services arena. In 2003, I 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.

In 2005, I introduced an amendment on the House floor to give Fannie Mae and Freddie Mac's regulator the authority to limit the size of the GSE's to protect the broader financial system from the systemic threat posed by these institutions. 

In 2011, as part of the Republican effort to end the bailouts, protect taxpayers and get private capital off the sidelines, I introduced the GSE Mission Improvement Bill.  Specifically, this bill permanently abolishes Fannie and Freddie’s affordable housing goals, which were a central cause behind the collapse of the GSEs.

Tracking the funding of terrorist activity is a subject of oversight for the Committee and a high priority for me. In 2004, I co-founded the Congressional Anti-Terrorist Financing Task Force, which works to strengthen and build upon current efforts in the fight against the funding of terrorism. Click here to read my Financial Services Committee biography.