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Edward Royce

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The U.S. Representative for California's 40th congressional district, and previously the 39th, serving in Congress since 1993.
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ENG: Edward Randall "Ed" Royce (born October 12, 1951) is the U.S. Representative for California's 40th congressional district, and previously the 39th, serving in Congress since 1993. He is a member of the Republican Party. The district lies in northern Orange County, including portions of Stanton, Cypress, Buena Park, Fullerton, Anaheim, Placentia, and Orange. Early life, education and career Born in Los Angeles, California, and graduating from Katella High School in Anaheim, Royce went on to earn his B.A. in Accounting and Finance in 1977 from the California State University, Fullerton. He was a business owner and corporate tax manager for a Portland cement company before becoming a California State Senator in 1983, serving in that post until his election to the U.S. House of ...
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U.S., India relationship on right course: Ed Royce

The relationship between India and the United States is on the right course, a top lawmaker has said, noting that ever since the two countries inked the civilian nuclear deal, their ties are irreversible."This relationship is now irreversible, regardless of the political party in India and the United States. But I do think that we can do a lot of things to improve that relationship," said Congressman Ed Royce, Co-chair of the powerful India Caucus in the House of Representatives. Royce was addressing a Congressional luncheon hosted by National Federation of Indian American Associations (NFIA) ...

Ed Royce for Congress in new 39th District

Ed Royce for Congress is reporting that Los Angeles County District Attorney Steve Cooley today endorsed Rep. Royce in the newly drawn 39th congressional district. The district includes Los Angeles, Orange and San Bernardino counties. Cooley is the very popular elected District Attorney in the most populous county in the United States. Ed Royce is the only candidate Cooley is supporting in the 39th district. In making his endorsement, Cooley noted Royce's "proven track record" in Congress. "I have had the privilege of working closely with District Attorney Cooley over the years on issues ...

Rep. Ed Royce Joins NumbersUSA's 5-for-5 Club!

Rep. Ed Royce has joined NumbersUSA's 5-for-5 Club after cosponsoring the SAFE for America Act, which would end the Visa Lottery. Rep. Royce has now cosponsored at least one bill in each of our 5 Great Immigration-Reduction categories and joins 10 other Members of Congress to cosponsor a bill in each of the categories. Rep. Royce represents California's 40th Congressional District and is serving his 10th term in Congress. He has earned a career A grade. In addition to cosponsoring the SAFE for America Act during the 112th Congress, Rep. Royce has cosponsored: H.R.878 - a bill that would ...

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Reps. Royce and Blumenauer Introduce NFIP Reforms to Save Taxpayer Money
Today, U.S. Representatives Ed Royce (R-Calif.) and Earl Blumenauer (D-Ore.) introduced H.R. 6196, the Repeatedly Flooded Communities Preparation Act. The bill aims to mitigate the financial resources expended by the National Flood Insurance Program (NFIP) and taxpayers on claims for properties flooded multiple times: “It’s said that insanity is doing the same thing over and over again and expecting different results, yet when it comes to the NFIP and properties that flood repeatedly, that's what we do. One NFIP-insured home valued at $69,000 flooded 34 times in 32 years and racked up $663,000 in claims; it's time to stop the madness for policyholders and taxpayers who subsidize this cycle," said Rep. Royce. “Repetitive flood loss continues to place communities and families at risk, while shortchanging the federal taxpayer and all those who pay flood insurance premiums,” said Rep. Blumenauer. “The good news is that even as the challenges mount, we know what to do
Stumpf’s Bad Day: A Summary of Lawmakers’ Withering Attacks
Stumpf’s Bad Day: A Summary of Lawmakers’ Withering Attacks John Stumpf walked into a firing line Thursday when he appeared before lawmakers who were furious over revelations that Wells Fargo & Co. may have opened 2 million customer accounts that were fictitious or unauthorized. Attacks from members of the House Financial Services Committee ranged from implying that he sold shares in 2013 because he knew the scandal would tank the stock to assertions that he should be imprisoned and that the entire board should be ousted. It was the second time this month that the embattled Wells Fargo chief executive officer has trekked to Washington to face a blistering assault from Congress. And many lawmakers said this was just the beginning of his pain. If Stumpf thought Wells Fargo’s Tuesday announcement that he would give up $41 million of pay would buy him a reprieve, he was sadly mistaken.   Here’s an overview of the attacks: Hensarling House Financial Services Commi
Rep. Royce Grills Wells Fargo CEO on "Toxic Sales Culture"
U.S. Representative Ed Royce (R-Calif.), a senior member of the House Financial Services Committee, questioned Wells Fargo Chairman and CEO John Stumpf during a hearing entitled “Holding Wall Street Accountable: Investigating Wells Fargo’s Opening of Unauthorized Customer Accounts.” “The idea of a cross-selling target of at least eight products clearly is part of a long-term practice at Wells Fargo going back at least to your predecessor because in 1998 Fortune Magazine quotes 'doubling the average product purchase to eight” as your predecessor’s 'current obsession.' Morphing the goal to a mandate here seems to be a big part of the problem and I say mandate because if people are fired for not hitting that goal it’s a mandate. That seems to be at the center of a toxic sales culture that you’ve overseen. But I’d ask you, was the goal of eight cross-sold products something understood and embraced by management and by your salesforce? In retrospect, do you think t
Royce Pushes Level Playing Field for U.S. Insurers
U.S. Representative Ed Royce (R-Calif.), Chairman of the House Foreign Affairs Committee, questioned witnesses about the importance of a U.S.-E.U. covered agreement to protect American insurance firms and consumers during a Housing and Insurance Subcommittee hearing entitled “The Impact of the U.S.-E.U. Dialogues on U.S. Insurance Markets.” “I agree with the Chairman’s previous statement of support for a narrow covered agreement to be concluded as quickly as possible because I think it serves as the only realistic hope we have of ensuring U.S. companies that they can really compete on a level playing field. A year ago, I sent a letter to the Treasury and the USTR urging them to expeditiously negotiate a covered agreement. My concern, which I stated at the time, was that without action U.S. companies with business in the E.U. would be put at a direct competitive disadvantage and that continued open access of U.S.-based reinsurers would not be assured and U.S. insurers wo

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