California 2015-2016 Regular Session Status: Enacted

AB 1537 — Small Business Financial Assistance Act of 2013: reports.

Last action — Chaptered by Secretary of State - Chapter 191, Statutes of 2015.

  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 March 25, 2015. 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 6 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

The Small Business Financial Assistance Act of 2013 authorizes the formation of small business financial development corporations to grant loans from, or guarantee loans made by a financial institution or financial company, as defined, against, moneys awarded to the corporation from the California Small Business Expansion Fund, a continuously appropriated fund, for the purpose of stimulating small business development, as specified. Existing law charges the program manager, as defined, with the administration of these provisions. Existing law requires each corporation to provide to the program manager, in a format prescribed by the program manager, specified data and reports, including, but not limited to, a summary of all outstanding loans, bonds, and other credit enhancements to which a corporate guarantee is attached, as specified. This bill would additionally require each corporation to provide to the program manager a list by city and county of the number and dollar value of all credit enhancements and debt instruments the corporation entered into during the report year and that are outstanding at the close of the fiscal year. Existing law requires the program manager, no later than January 1 of each year, to prepare and submit to the Governor and the Legislature a report for the preceding fiscal year ending June 30 containing the financial product activity of each corporation. Existing law requires the report to include, among other things, direct loans, guarantees, and other financial products awarded and outstanding balances. This bill would additionally require the report to include a geographic distribution by city and county of the direct loans, guarantees, and other financial products awarded and outstanding at the close of the fiscal year. By expanding the requirements of the report, this bill would increase the costs associated with the report, thereby making an appropriation.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 191, Statutes of 2015.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 3 p.m.

  4. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0. Page 2409.).

  5. In Assembly. Concurrence in Senate amendments pending. May be considered on or after July 11 pursuant to Assembly Rule 77.

  6. Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 1880.).

  7. Read second time. Ordered to Consent Calendar.

  8. From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar.

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

  10. In committee: Set, first hearing. Hearing canceled at the request of author.

  11. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (June 15). Re-referred to Com. on APPR.

  12. Referred to Com. on B., P. & E.D.

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

  14. Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1488.)

  15. Read second time. Ordered to third reading.

  16. From committee: Do pass. (Ayes 17. Noes 0.) (May 13).

  17. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 8. Noes 0.) (April 29). Re-referred to Com. on APPR.

  18. Referred to Com. on J., E.D., & E.

  19. From printer. May be heard in committee April 25.

  20. Read first time. To print.

Sponsors

  • Committee on Jobs, Economic Development, and the Economy · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Committee on Jobs, Economic Development, and the Economy

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 1537 J., E.D. & E. Concurrence in Senate Amendments By GARCIA, E.

Passed 79 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 69001
Democratic 4000
Republican 6000
Total 79001
% of votes cast 99%0%0%1%
How each member voted (80)
Member Party Vote
Achadjian — Yea
Alejo — Yea
Bloom — Yea
Brough — Yea
Brown — Yea
Holden — Yea
Maienschein — Yea
Mathis — Yea
Nazarian — Yea
Olsen — Yea
Quirk — Yea
Steinorth — Yea
Waldron — Yea
Williams — Yea
Eggman — Yea
Dababneh — Yea
Daly — Yea
Frazier — Yea
Gomez — Yea
Chau — Yea
Harper — Yea
Salas — Yea
Linder — Yea
Chu — Yea
Low — Yea
Mayes — Yea
Cooley — Yea
Cooper — Yea
McCarty — Yea
O'Donnell — Yea
Obernolte — Yea
Perea — Yea
Rendon — Yea
Rodriguez — Yea
Weber — Yea
Wilk — Yea
Gatto — Yea
Burke — Yea
Gordon — Not Voting
Gray — Yea
Atkins — Yea
Campos — Yea
Bonilla — Yea
Lopez — Yea
Jones-Sawyer — Yea
Kim — Yea
Baker — Yea
Bigelow — Yea
Chang — Yea
Chiu — Yea
Chávez — Yea
Dodd — Yea
Levine — Yea
Medina — Yea
Melendez — Yea
Mullin — Yea
Ridley-Thomas — Yea
Santiago — Yea
Thurmond — Yea
Ting — Yea
Wagner — Yea
Wood — Yea
Gonzalez — Yea
Hadley — Yea
Beth Gaines — Yea
Cristina Garcia — Yea
Eduardo Garcia — Yea
Mark Stone — Yea
Roger Hernández — Yea
Travis Allen — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gipson, Mike A. Democratic Yea
Irwin, Jacqui Democratic Yea
Dahle, Megan Republican Yea
Gallagher, James Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Lackey, Tom Republican Yea
Patterson, Joe Republican Yea

Official roll call →

Consent Calendar 2nd AB1537 Committee on Jobs, Economic Development, and the Economy

Passed 39 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 36001
Democratic 3000
Total 39001
% of votes cast 98%0%0%3%
How each member voted (40)
Member Party Vote
Hertzberg — Yea
Lara — Yea
Moorlach — Yea
Nielsen — Yea
Vidak — Yea
Wieckowski — Yea
Allen — Yea
Mitchell — Yea
De León — Yea
Runner — Yea
Galgiani — Yea
Cannella — Yea
Glazer — Yea
Hancock — Yea
Hernandez — Yea
Hill — Yea
Leno — Yea
Liu — Yea
Mendoza — Yea
Monning — Yea
Morrell — Yea
Pan — Yea
Pavley — Yea
Roth — Yea
Bates — Yea
Block — Yea
Wolk — Yea
Hueso — Yea
Huff — Yea
Leyva — Yea
Anderson — Not Voting
Beall — Yea
Fuller — Yea
Hall — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Mark Stone — Yea
Jackson, Corey A. Democratic Yea
McGuire, Mike Democratic Yea
Nguyen, Stephanie Democratic Yea

Official roll call →

AB 1537 J., E.D. & E. Assembly Third Reading By GARCIA, E.

Passed 77 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Democratic 4000
Unaffiliated 67003
Republican 6000
Total 77003
% of votes cast 96%0%0%4%
How each member voted (80)
Member Party Vote
Kim — Not Voting
Levine — Yea
Maienschein — Yea
Mathis — Not Voting
Quirk — Yea
Wagner — Yea
Eggman — Yea
Frazier — Yea
Cooper — Yea
Brown — Yea
Mayes — Yea
Olsen — Yea
Weber — Yea
Salas — Yea
Burke — Yea
Chang — Yea
Chau — Yea
Chiu — Yea
Chu — Yea
Chávez — Yea
Cooley — Yea
Dababneh — Yea
Daly — Yea
Dodd — Yea
Achadjian — Yea
Baker — Yea
Bigelow — Yea
Brough — Yea
Gatto — Yea
Gordon — Yea
Harper — Yea
Jones-Sawyer — Yea
Linder — Yea
Low — Yea
McCarty — Yea
Nazarian — Yea
O'Donnell — Yea
Obernolte — Yea
Gray — Yea
Perea — Yea
Rendon — Yea
Ridley-Thomas — Yea
Rodriguez — Yea
Steinorth — Yea
Thurmond — Yea
Waldron — Yea
Wilk — Yea
Williams — Yea
Atkins — Yea
Campos — Yea
Bonilla — Yea
Lopez — Yea
Hadley — Yea
Holden — Yea
Medina — Yea
Melendez — Not Voting
Alejo — Yea
Bloom — Yea
Mullin — Yea
Santiago — Yea
Ting — Yea
Wood — Yea
Gomez — Yea
Gonzalez — Yea
Beth Gaines — Yea
Cristina Garcia — Yea
Eduardo Garcia — Yea
Mark Stone — Yea
Roger Hernández — Yea
Travis Allen — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gipson, Mike A. Democratic Yea
Irwin, Jacqui Democratic Yea
Dahle, Megan Republican Yea
Gallagher, James Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Lackey, Tom Republican Yea
Patterson, Joe Republican Yea

Official roll call →

Do pass.

Passed 17 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 13000
Democratic 2000
Republican 2000
Total 17000
% of votes cast 100%0%0%0%
How each member voted (17)
Member Party Vote
Bigelow — Yea
Bloom — Yea
Eggman — Yea
Gomez — Yea
Chang — Yea
Daly — Yea
Holden — Yea
Quirk — Yea
Rendon — Yea
Wagner — Yea
Weber — Yea
Wood — Yea
Eduardo Garcia — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gallagher, James Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Subjects

finance housing labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does AB 1537 do?
The Small Business Financial Assistance Act of 2013 authorizes the formation of small business financial development corporations to grant loans from, or guarantee loans made by a financial institution or financial company, as defined, against, moneys awarded to the corporation from the California Small Business Expansion Fund, a continuously appropriated fund, for the purpose of stimulating small business development, as specified. Existing law charges the program manager, as defined, with the administration of these provisions. Existing law requires each corporation to provide to the program manager, in a format prescribed by the program manager, specified data and reports, including, but not limited to, a summary of all outstanding loans, bonds, and other credit enhancements to which a corporate guarantee is attached, as specified. This bill would additionally require each corporation to provide to the program manager a list by city and county of the number and dollar value of all credit enhancements and debt instruments the corporation entered into during the report year and that are outstanding at the close of the fiscal year. Existing law requires the program manager, no later than January 1 of each year, to prepare and submit to the Governor and the Legislature a report for the preceding fiscal year ending June 30 containing the financial product activity of each corporation. Existing law requires the report to include, among other things, direct loans, guarantees, and other financial products awarded and outstanding balances. This bill would additionally require the report to include a geographic distribution by city and county of the direct loans, guarantees, and other financial products awarded and outstanding at the close of the fiscal year. By expanding the requirements of the report, this bill would increase the costs associated with the report, thereby making an appropriation.
Who sponsors AB 1537?
AB 1537 is sponsored by Committee on Jobs, Economic Development, and the Economy.
What is the current status of AB 1537?
This bill has been enacted into law. Introduced March 25, 2015. Enacted.
Where can I track AB 1537?
Track AB 1537 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on AB 1537

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of AB 1537

Last checked for changes 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →