Edward Royce actually said...

"What perhaps they didn't see coming was also the investment banks--the four big investment banks in doing their own modeling had leveraged up the ratio from what should have been 10 to 1, probably 30 ..."

"I think in your analysis the response that you gave in terms of the regulatory community and what you did not see coming is partially true but there was one thing the regulatory community did see comi..."

"I am grateful to support and cosponsor H.R. 5040, the Export Control Reform Act of 2018, and urge its passage."

"As Representative Royce said in the opening comments, export controls aren't just about physical products."