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  • Royce Opposes Democrats $825 Billion "Stimulus"
    Jan 28, 2009  - Today, Rep. Ed Royce (R-CA) opposed the Democrat Leadership's proposal, an $825 billion "stimulus" package loaded with wasteful spending. Royce voted against the bill because it failed to deliver much needed economic stimulation or job creation. "Americans around our nation are suffering. They ... More
  • Financial Services Members Call on Treasury to Focus on Insurance
    Jan 23, 2009  - WASHINGTON, D.C. – A bipartisan group of Financial Services Committee members, today sent a letter to Treasury-designate, Timothy Geithner, asking him to create an office within the Treasury Department that will address the lack of insurance oversight and expertise at the federal level. After unp... More
  • "Lawmakers press Geithner on US insurance oversight" from Reuters
    Jan 23, 2009  - By Kevin Drawbaugh for Reuters - Seven U.S. lawmakers on Friday urged Treasury Secretary nominee Timothy Geithner to boost federal oversight of insurance companies, a long-held goal of much -- although not all -- of the insurance industry. Democratic Rep. Melissa Bean of Illinois, Republican Rep.... More
  • "House Debates Conditions for Rest of TARP Funds" from American Banker
    Jan 14, 2009  - By Stacy Kaper for the American Banker -- Democrats and Republicans squared off Tuesday over whether the incoming Obama administration should be given the remaining $350 billion in Troubled Asset Relief Program funds. House Financial Services Committee Chairman Barney Frank said he had introduced... More
  • GOP lawmakers ask: To bailout or not to bailout?
    Jan 13, 2009  - By Ronald D. Orol for MarketWatch -- House Republicans clashed with Democrats on Tuesday over whether Congress should release the second half of a $700 billion bank bailout bill and if it is approved what conditions should be attached to it. "We're seeing this transform into a grab bag, to get t... More
  • Royce Oped: Bailout plan could mutate into a gravy train of tax money
    Nov 13, 2008  - 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... More
  • Royce Discusses Bailout Vote
    Oct 3, 2008  - 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... More
  • "House turns down Wall Street bailout; Dow down nearly 500" from Orange County Register
    Sep 29, 2008  - 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 ... More
  • Royce Statement on Bailout
    Sep 29, 2008  - 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... More
  • Royce Oped: Inevitable Collapse
    Sep 26, 2008  - 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... More