Ed Royce

One more example of a change we could make with this legislation which would really open up the market.

So my hope is that our witnesses will outline how the FHA can operate with a clearly defined mission that complements, instead of competes with, private credit enhancements.

We're missing the opportunity in terms of a direct conversation about the security assistance we've provided.

This is the Assad who is ordering teenagers tortured and, frankly, is engaged in murdering his populace.

Syria is today a humanitarian nightmare. It's also a great strategic challenge.

An increasingly beleaguered Syrian regime might be prepared to use chemical weapons against the Syrian people.

This is the Assad who is bombing villages in Syria.

We have let them down, and let our strategic interests down.

We want the Iraqi Government to understand that it has no interest in having an extremist government in Syria.

I think the Director has taken some bold, courageous steps as both a regulator and a conservator of the GSEs, but I would have to say, the same cannot be said of the Administration.

I am pretty skeptical about the prospects for the upcoming election.

Unless we are careful, that pipeline which we are discussing today could go west to Vancouver.

Energy security is the lynchpin for our economic growth.

Eighty-five percent of what we spend in Canada comes back to the United States in our economy.

U.S. energy security has become part of national security.

Government policies...are going to steer borrowers to the FHA and further crowd out the private market.

We have to stop attempting to grow out of that situation with the approach that they are on now.

I do think we have to force the FHA to deal with its fiscal woes.

Current policies at the FHA have led to the crowding out of the private market.

But what was so unusual here was that we set in place a moral hazard situation with the GSEs like no other.

Let me also make another observation because I think your analysis has been the most inclusive of any that I have seen.

I think he got that very wrong.

I remember very vividly the Federal Reserve Chairman speaking with me, the warnings that we were given on the inability of the Fed to regulate Fannie and Freddie for systemic risk.

We ought not to forget about the pressing concern with North Korea.

I have introduced a bipartisan bill, the North Korea Sanctions and Diplomatic Nonrecognition Act, that would do just that.