Economic development: Capital Access Loan Program.
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AB 1553 — Economic development: Capital Access Loan Program.
Last action — Chaptered by Secretary of State - Chapter 644, Statutes of 2017.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Assembly
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 17, 2017. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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2 sponsors
1 primary, 1 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
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Cleared a recorded vote
Passed 4 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
Existing law establishes the Capital Access Loan Program to assist small businesses in financing the costs of complying with environmental mandates and the remediation of contamination on their properties, as specified. Existing law establishes within the program the California Americans with Disabilities Small Business Capital Access Loan Program (ADA program) to assist small businesses in financing the costs of projects that alter or retrofit existing small business facilities to comply with the federal Americans with Disabilities Act. Existing law requires moneys in the ADA program fund, which is continuously appropriated, to be used for contributions in support of qualified loans, costs to educate the small business community and participating lenders about the program, and administrative expenditures, as specified. Existing law, for the purposes of the ADA program, defines a small business as a business that has less than $1,000,000 in total gross annual income and meets other requirements. Under existing law, the California Pollution Control Financing Authority administers these programs and is authorized to establish small business assistance funds for certain purposes, including, among others, funding the programs. This bill would authorize the use of moneys in the ADA program fund for direct payments to borrowers enrolling loans. The ADA program, as specified, would require the authority to adopt related regulations and would allow small business assistance funds to include nonreimbursable payments made directly to borrowers in furtherance of the ADA program, as specified, administered by the authority as part of the Capital Access Loan Program. This bill would expand the definition of small business for the purposes of the ADA program to include businesses with less than $5,000,000 in total gross annual income, thereby expanding the types of businesses that qualify for funding under the ADA program. By expanding the authorized uses of moneys in a continuously appropriated fund, the bill would make an appropriation. The bill would rename the ADA program the California Americans with Disabilities Act Small Business Capital Access Loan Program.
Bill Text
- Chaptered 10/10/17 - Chaptered Current pdf October 10, 2017
- Enrolled 09/15/17 - Enrolled pdf September 15, 2017
- Amended 06/27/17 - Amended Senate pdf June 27, 2017
- Amended 06/15/17 - Amended Senate pdf June 15, 2017
- Amended 05/26/17 - Amended Assembly pdf May 26, 2017
- Amended 03/30/17 - Amended Assembly pdf March 30, 2017
- Introduced 02/17/17 - Introduced pdf February 17, 2017
- AB1553 View text html
Action History
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Chaptered by Secretary of State - Chapter 644, Statutes of 2017.
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Approved by the Governor.
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Enrolled and presented to the Governor at 3:30 p.m.
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Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0. Page 3306.).
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Assembly Rule 77(a) suspended. (Page 3254.)
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In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 14 pursuant to Assembly Rule 77.
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Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 2703.).
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Read second time. Ordered to third reading.
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From committee: Do pass. (Ayes 7. Noes 0.) (September 1).
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In committee: Referred to APPR. suspense file.
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From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 6. Noes 0.) (July 3). Re-referred to Com. on APPR.
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From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D.
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From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D.
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Referred to Com. on B., P. & E.D.
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In Senate. Read first time. To Com. on RLS. for assignment.
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Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 1985.)
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Read second time. Ordered to third reading.
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Read second time and amended. Ordered returned to second reading.
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From committee: Amend, and do pass as amended. (Ayes 16. Noes 0.) (May 26).
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In committee: Set, first hearing. Referred to APPR. suspense file.
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From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (April 24). Re-referred to Com. on APPR.
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In committee: Hearing postponed by committee.
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Re-referred to Com. on B. & F.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
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Referred to Com. on B. & F.
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From printer. May be heard in committee March 21.
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Read first time. To print.
Sponsors
- Sabrina Cervantes · Primary
- Gomez · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 120 not signed on
Sponsors (1)
- Cervantes, Sabrina Democratic
Co-sponsors (1)
- Gomez
Not signed on (120)
120 members have not signed on to this bill.
Show all 120 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 58 | 0 | 0 | 0 |
| Democratic | 15 | 0 | 0 | 0 |
| Republican | 6 | 0 | 0 | 0 |
| Total | 79 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (79)
| Member | Party | Vote |
|---|---|---|
| Acosta | — | Yea |
| Bigelow | — | Yea |
| Bloom | — | Yea |
| Brough | — | Yea |
| Harper | — | Yea |
| Kiley | — | Yea |
| Maienschein | — | Yea |
| Mathis | — | Yea |
| Mullin | — | Yea |
| Quirk | — | Yea |
| Ridley-Thomas | — | Yea |
| Thurmond | — | Yea |
| Weber | — | Yea |
| Burke | — | Yea |
| Chau | — | Yea |
| Gonzalez Fletcher | — | Yea |
| Frazier | — | Yea |
| Fong | — | Yea |
| Salas | — | Yea |
| Holden | — | Yea |
| Chu | — | Yea |
| Jones-Sawyer | — | Yea |
| Gray | — | Yea |
| Levine | — | Yea |
| Bocanegra | — | Yea |
| Low | — | Yea |
| Cunningham | — | Yea |
| Mayes | — | Yea |
| McCarty | — | Yea |
| Rubio | — | Yea |
| Medina | — | Yea |
| Melendez | — | Yea |
| Nazarian | — | Yea |
| Rendon | — | Yea |
| Rodriguez | — | Yea |
| Santiago | — | Yea |
| Ting | — | Yea |
| Voepel | — | Yea |
| Wood | — | Yea |
| Friedman | — | Yea |
| Baker | — | Yea |
| Chiu | — | Yea |
| Chávez | — | Yea |
| O'Donnell | — | Yea |
| Obernolte | — | Yea |
| Steinorth | — | Yea |
| Waldron | — | Yea |
| Cooley | — | Yea |
| Cooper | — | Yea |
| Eggman | — | Yea |
| Dababneh | — | Yea |
| Daly | — | Yea |
| Gloria | — | Yea |
| Cristina Garcia | — | Yea |
| Eduardo Garcia | — | Yea |
| Jim Patterson | — | Yea |
| Mark Stone | — | Yea |
| Travis Allen | — | Yea |
| Aguiar-Curry, Cecilia M. | Democratic | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Berman, Marc | Democratic | Yea |
| Bonta, Mia | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Cervantes, Sabrina | Democratic | Yea |
| Gipson, Mike A. | Democratic | Yea |
| Grayson, Timothy S. | Democratic | Yea |
| Irwin, Jacqui | Democratic | Yea |
| Kalra, Ash | Democratic | Yea |
| Limón, Monique | Democratic | Yea |
| Muratsuchi, Al | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Chen, Phillip | Republican | Yea |
| Choi, Steven S. | Republican | Yea |
| Dahle, Megan | Republican | Yea |
| Flora, Heath | Republican | Yea |
| Gallagher, James | Republican | Yea |
| Lackey, Tom | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 35 | 0 | 0 | 0 |
| Democratic | 5 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Anderson | — | Yea |
| Bradford | — | Yea |
| Hertzberg | — | Yea |
| Hueso | — | Yea |
| Leyva | — | Yea |
| Moorlach | — | Yea |
| Newman | — | Yea |
| Nielsen | — | Yea |
| Skinner | — | Yea |
| Vidak | — | Yea |
| Galgiani | — | Yea |
| Cannella | — | Yea |
| Portantino | — | Yea |
| Glazer | — | Yea |
| Dodd | — | Yea |
| Mitchell | — | Yea |
| De León | — | Yea |
| Allen | — | Yea |
| Atkins | — | Yea |
| Hernandez | — | Yea |
| Bates | — | Yea |
| Beall | — | Yea |
| Hill | — | Yea |
| Lara | — | Yea |
| Mendoza | — | Yea |
| Monning | — | Yea |
| Morrell | — | Yea |
| Pan | — | Yea |
| Roth | — | Yea |
| Wieckowski | — | Yea |
| Wilk | — | Yea |
| Fuller | — | Yea |
| Beth Gaines | — | Yea |
| Bill Berryhill | — | Yea |
| Mark Stone | — | Yea |
| Jackson, Corey A. | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Nguyen, Stephanie | Democratic | Yea |
| Stern, Henry I. | Democratic | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 6 | 0 | 0 | 0 |
| Democratic | 1 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Bates | — | Yea |
| Hill | — | Yea |
| Lara | — | Yea |
| Nielsen | — | Yea |
| Beall | — | Yea |
| Bradford | — | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 6 | 0 | 0 | 0 |
| Democratic | 1 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Beall | — | Yea |
| Lara | — | Yea |
| Bates | — | Yea |
| Bradford | — | Yea |
| Hill | — | Yea |
| Nielsen | — | Yea |
| Wiener, Scott D. | Democratic | Yea |
Subjects
Frequently asked questions
- What does AB 1553 do?
- Existing law establishes the Capital Access Loan Program to assist small businesses in financing the costs of complying with environmental mandates and the remediation of contamination on their properties, as specified. Existing law establishes within the program the California Americans with Disabilities Small Business Capital Access Loan Program (ADA program) to assist small businesses in financing the costs of projects that alter or retrofit existing small business facilities to comply with the federal Americans with Disabilities Act. Existing law requires moneys in the ADA program fund, which is continuously appropriated, to be used for contributions in support of qualified loans, costs to educate the small business community and participating lenders about the program, and administrative expenditures, as specified. Existing law, for the purposes of the ADA program, defines a small business as a business that has less than $1,000,000 in total gross annual income and meets other requirements. Under existing law, the California Pollution Control Financing Authority administers these programs and is authorized to establish small business assistance funds for certain purposes, including, among others, funding the programs. This bill would authorize the use of moneys in the ADA program fund for direct payments to borrowers enrolling loans. The ADA program, as specified, would require the authority to adopt related regulations and would allow small business assistance funds to include nonreimbursable payments made directly to borrowers in furtherance of the ADA program, as specified, administered by the authority as part of the Capital Access Loan Program. This bill would expand the definition of small business for the purposes of the ADA program to include businesses with less than $5,000,000 in total gross annual income, thereby expanding the types of businesses that qualify for funding under the ADA program. By expanding the authorized uses of moneys in a continuously appropriated fund, the bill would make an appropriation. The bill would rename the ADA program the California Americans with Disabilities Act Small Business Capital Access Loan Program.
- Who sponsors AB 1553?
- AB 1553 is sponsored by Cervantes, Sabrina (Democratic) and Gomez.
- What is the current status of AB 1553?
- This bill has been enacted into law. Introduced February 17, 2017. Enacted.
- Where can I track AB 1553?
- Track AB 1553 free on One Click Politics — get push/email alerts when it moves.
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