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Chairman Royce Continues to Lead the Fight Against Human Trafficking January 11, 2017 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 plen... More
Press Releases
Bipartisan Legislation Introduced to Free Up Credit Union Lending January 10, 2017 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... More
Press Releases
Rep. Royce Champions Women's Empowerment January 10, 2017 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 i... More
Ed in the News
Pentagon to Pay Back Soldiers Whose Reenlistment Bonuses Were Garnished January 4, 2017 Pentagon to Pay Back Soldiers Whose Reenlistment Bonuses Were Garnished 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 D... More
Press Releases
Reps. Royce and Sewell Urge Alternative Credit Score Consideration by GSEs December 15, 2016 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... More
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