California 2011-2012 Regular Session Status: Enacted

AB 901 — Economic development: small business.

Last action — Chaptered by Secretary of State - Chapter 483, Statutes of 2011.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Assembly
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 17, 2011. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 9 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

(1) Existing law establishes the California Economic Development Fund in the State Treasury to receive economic development funds and loan repayment and grant proceeds and authorizes the Secretary of Business, Transportation and Housing, upon appropriation by the Legislature, to expend the fund's revenue to provide matching funds for economic development purposes. Existing law establishes certain definitions in this regard and defines a financial intermediary and a community development intermediary to include, among other things, microenterprise development organizations. This bill would delete the reference to microenterprise development organizations in the definitions of financial intermediary and community development intermediary and would instead provide that a financial intermediary and a community development intermediary include microbusiness lenders, as defined. (2) Existing law establishes the Capital Access Loan Program, which is administered by the California Pollution Control Financing Authority, and defines the term "financial institution," for purposes of that program. The authority is required to include specified terms in any contract that the authority enters into with a financial institution participating in the program, as specified. Existing law requires the authority to submit a report annually to the Governor and the Legislature that describes the financial condition and the programmatic results of the Capital Access Loan Program for small businesses. This bill would revise the definition of the term "financial institution" to include a small business financial development corporation or microbusiness lender that meets standards that shall be established by the authority and to include depository institutions, insured credit unions, and community development financial institutions, as defined pursuant to federal law. This bill would require that the form contract used by the authority when contracting with a participating financial institution include provisions requiring the financial institution to provide information to the authority on the number of jobs created and the number of jobs retained relative to loans made by the financial institution under the program. The bill would also specify, for purposes of the annual report to the Governor and the Legislature, that programmatic results include, but are not limited to, the total number of businesses served, jobs created, jobs retained, the geographic distribution of the loans, and the breakdown of businesses served by industry sector, as specified.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 483, Statutes of 2011.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 1:30 p.m.

  4. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 72. Noes 5. Page 2935.).

  5. Assembly Rule 77 suspended. (Page 2932.)

  6. In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 7 pursuant to Assembly Rule 77.

  7. Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2250.).

  8. Read second time and amended. Ordered to third reading.

  9. From committee: Do pass as amended. (Ayes 9. Noes 0.) (August 25).

  10. In committee: Placed on APPR. suspense file.

  11. From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.

  12. In committee: Hearing postponed by committee.

  13. Read second time and amended. Re-referred to Com. on APPR.

  14. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (July 6).

  15. From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I.

  16. From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I.

  17. Referred to Com. on B. & F.I.

  18. In Senate. Read first time. To Com. on RLS. for assignment.

  19. Read third time. Passed. Ordered to the Senate. (Ayes 71. Noes 7. Page 1798.)

  20. Read second time. Ordered to third reading.

  21. Read second time and amended. Ordered to second reading.

  22. From committee: Do pass as amended. (Ayes 17. Noes 0.) (May 27).

  23. In committee: Hearing postponed by committee.

  24. Re-referred to Com. on APPR.

  25. Read second time and amended.

  26. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (May 3).

  27. From committee: Do pass and re-refer to Com. on J., E.D. & E. (Ayes 12. Noes 0.) (April 25). Re-referred to Com. on J., E.D. & E.

  28. Referred to Coms. on B. & F. and J., E.D. & E.

  29. From printer. May be heard in committee March 20.

  30. Read first time. To print.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on · 2 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

AB 901 PÉREZ, V.M. Concurrence in Senate Amendments

Passed 72 Yea · 5 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 70403
Republican 1100
Democratic 1000
Total 72503
% of votes cast 90%6%0%4%
How each member voted (80)
Member Party Vote
Halderman — Nay
Eng — Yea
Butler — Yea
Feuer — Yea
Fuentes — Yea
Furutani — Yea
Garrick — Yea
Carter — Yea
Hagman — Yea
Fong — Yea
Cedillo — Yea
Hill — Yea
Allen — Yea
Huber — Yea
Huffman — Yea
Conway — Yea
Portantino — Yea
John A. Pérez — Yea
Mitchell — Yea
Ammiano — Yea
Blumenfield — Yea
Cook — Yea
Olsen — Yea
Perea — Yea
Smyth — Yea
Valadao — Yea
Wagner — Yea
Fletcher — Yea
Campos — Yea
Bonilla — Yea
Atkins — Yea
Galgiani — Yea
Gordon — Yea
Gorell — Not Voting
Hall — Yea
Hayashi — Yea
Beall — Yea
Chesbro — Yea
Donnelly — Nay
Hueso — Yea
Knight — Yea
Lara — Yea
Mendoza — Not Voting
Miller — Yea
Monning — Yea
Nestande — Yea
Nielsen — Yea
Pan — Yea
Silva — Yea
Torres — Yea
Wieckowski — Yea
Achadjian — Yea
Alejo — Yea
Block — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Harkey — Yea
Jeffries — Yea
Logue — Yea
Ma — Yea
Mansoor — Nay
Morrell — Nay
Norby — Not Voting
Skinner — Yea
Solorio — Yea
Swanson — Yea
Williams — Yea
Davis — Yea
Dickinson — Yea
Gatto — Yea
Yamada — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Nay

Official roll call →

3rd Reading AB901 V. Manuel Pérez By Price

Passed 39 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 36001
Republican 1000
Democratic 2000
Total 39001
% of votes cast 98%0%0%3%
How each member voted (40)
Member Party Vote
Yee — Yea
Lowenthal — Yea
Cannella — Yea
De León — Yea
Negrete McLeod — Yea
Hancock — Yea
Rubio — Yea
Harman — Yea
Runner — Yea
Hernandez — Yea
Corbett — Yea
Huff — Yea
Kehoe — Yea
Anderson — Yea
Blakeslee — Yea
Dutton — Yea
Lieu — Yea
Liu — Yea
Pavley — Yea
Price — Yea
Steinberg — Yea
Walters — Yea
Wolk — Yea
Wright — Yea
Alquist — Not Voting
Leno — Yea
Simitian — Yea
Vargas — Yea
Wyland — Yea
Emmerson — Yea
Correa — Yea
Evans — Yea
DeSaulnier — Yea
Fuller — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
La Malfa — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass as amended.

Passed 9 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 9000
Total 9000
% of votes cast 100%0%0%0%
How each member voted (9)
Member Party Vote
Kehoe — Yea
Runner — Yea
Pavley — Yea
Price — Yea
Alquist — Yea
Lieu — Yea
Steinberg — Yea
Walters — Yea
Emmerson — Yea

Official roll call →

Placed on Appropriations Suspense file.

Passed 9 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 9000
Total 9000
% of votes cast 100%0%0%0%
How each member voted (9)
Member Party Vote
Runner — Yea
Lieu — Yea
Price — Yea
Alquist — Yea
Kehoe — Yea
Pavley — Yea
Steinberg — Yea
Walters — Yea
Emmerson — Yea

Official roll call →

AB 901 PÉREZ, V.M. Assembly Third Reading

Passed 71 Yea · 7 Nay · 2 Other
Party YeaNayPresentNot Voting
Republican 0200
Unaffiliated 70502
Democratic 1000
Total 71702
% of votes cast 89%9%0%3%
How each member voted (80)
Member Party Vote
Hall — Not Voting
Feuer — Yea
Butler — Yea
Galgiani — Yea
Chesbro — Yea
Portantino — Yea
John A. Pérez — Yea
Mitchell — Yea
Fletcher — Yea
Garrick — Yea
Gatto — Yea
Davis — Yea
Gordon — Yea
Dickinson — Yea
Hagman — Yea
Harkey — Yea
Beall — Yea
Blumenfield — Yea
Huffman — Yea
Knight — Yea
Ma — Yea
Miller — Yea
Nestande — Yea
Pan — Yea
Perea — Yea
Skinner — Yea
Swanson — Yea
Valadao — Yea
Campos — Yea
Bonilla — Yea
Atkins — Yea
Lara — Yea
Block — Yea
Monning — Yea
Wieckowski — Yea
Yamada — Yea
Gorell — Not Voting
Halderman — Nay
Morrell — Nay
Norby — Nay
Solorio — Yea
Fong — Yea
Carter — Yea
Huber — Yea
Allen — Yea
Alejo — Yea
Cedillo — Yea
Logue — Yea
Conway — Yea
Cook — Yea
Olsen — Yea
Wagner — Yea
Williams — Yea
Achadjian — Yea
Ammiano — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Hayashi — Yea
Hill — Yea
Hueso — Yea
Jeffries — Yea
Mansoor — Nay
Mendoza — Yea
Nielsen — Yea
Silva — Yea
Smyth — Yea
Torres — Yea
Eng — Yea
Donnelly — Nay
Fuentes — Yea
Furutani — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Nay
Jones, Brian W. Republican Nay

Official roll call →

Do pass as amended.

Passed 17 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 16000
Democratic 1000
Total 17000
% of votes cast 100%0%0%0%
How each member voted (17)
Member Party Vote
Hall — Yea
Campos — Yea
Hill — Yea
Mitchell — Yea
Lara — Yea
Blumenfield — Yea
Davis — Yea
Donnelly — Yea
Nielsen — Yea
Norby — Yea
Wagner — Yea
Bradford — Yea
Harkey — Yea
Solorio — Yea
Fuentes — Yea
Gatto — Yea
Calderon, Lisa Democratic Yea

Official roll call →

Do pass and be re-referred to the Committee on Jobs, Economic Development and The Economy.

Passed 12 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 11000
Democratic 1000
Total 12000
% of votes cast 100%0%0%0%
How each member voted (12)
Member Party Vote
Fletcher — Yea
Fuentes — Yea
Harkey — Yea
Morrell — Yea
Skinner — Yea
Torres — Yea
Achadjian — Yea
Lara — Yea
Perea — Yea
Eng — Yea
Roger Hernández — Yea
Calderon, Lisa Democratic Yea

Official roll call →

Subjects

finance housing labor
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Frequently asked questions

What does AB 901 do?
(1) Existing law establishes the California Economic Development Fund in the State Treasury to receive economic development funds and loan repayment and grant proceeds and authorizes the Secretary of Business, Transportation and Housing, upon appropriation by the Legislature, to expend the fund's revenue to provide matching funds for economic development purposes. Existing law establishes certain definitions in this regard and defines a financial intermediary and a community development intermediary to include, among other things, microenterprise development organizations. This bill would delete the reference to microenterprise development organizations in the definitions of financial intermediary and community development intermediary and would instead provide that a financial intermediary and a community development intermediary include microbusiness lenders, as defined. (2) Existing law establishes the Capital Access Loan Program, which is administered by the California Pollution Control Financing Authority, and defines the term "financial institution," for purposes of that program. The authority is required to include specified terms in any contract that the authority enters into with a financial institution participating in the program, as specified. Existing law requires the authority to submit a report annually to the Governor and the Legislature that describes the financial condition and the programmatic results of the Capital Access Loan Program for small businesses. This bill would revise the definition of the term "financial institution" to include a small business financial development corporation or microbusiness lender that meets standards that shall be established by the authority and to include depository institutions, insured credit unions, and community development financial institutions, as defined pursuant to federal law. This bill would require that the form contract used by the authority when contracting with a participating financial institution include provisions requiring the financial institution to provide information to the authority on the number of jobs created and the number of jobs retained relative to loans made by the financial institution under the program. The bill would also specify, for purposes of the annual report to the Governor and the Legislature, that programmatic results include, but are not limited to, the total number of businesses served, jobs created, jobs retained, the geographic distribution of the loans, and the breakdown of businesses served by industry sector, as specified.
Who sponsors AB 901?
AB 901 is sponsored by V. Manuel Pérez.
What is the current status of AB 901?
This bill has been enacted into law. Introduced February 17, 2011. Enacted.
Where can I track AB 901?
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