BILL ANALYSIS                                                                                                                                                                                                    �



                                                                            



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                                    THIRD READING


          Bill No:  ACR 42
          Author:   Daly (D), et al.
          Amended:  4/4/13 in Assembly
          Vote:     21

           
           ASSEMBLY FLOOR  :  76-0, 4/11/13 - See last page for vote


           SUBJECT  :    Family Business Day

           SOURCE  :     Family Business Association


           DIGEST  :    This resolution declares April 11, 2013, as Family  
          Business Day in California and encourages the growth and  
          prosperity of family owned businesses within the state.

           ANALYSIS  :    

          This resolution makes the following legislative findings: 

          1.Family businesses are a mainstay of our local, state, and  
            national economies; and are characterized as organizations  
            controlled and usually managed by multiple family members,  
            often from multiple generations. 

          2.Family businesses generate 64% of the nation's gross domestic  
            product, employ 62% of the workforce, and create 75% of all  
            new jobs; and, studies show that family businesses generate  
            higher returns for their shareholders and account for  
            approximately one-third of major listed and unlisted  
            companies. 
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          3.Family businesses invest more in their employees training and  
            benefits and are less likely to lay off workers in tough  
            economic times, and these businesses are strong stewards of  
            the environment by virtue of their long-term perspective and  
            sense of duty to the past, present, and future of the state. 

           FISCAL EFFECT  :    Fiscal Com.:  No

           SUPPORT  :   (Verified  4/22/13)

          Family Business Association (source) 


           ARGUMENTS IN SUPPORT  :    The bill's sponsor, Family Business  
          Association, writes that, "?one of the largest trends in family  
          business is the amount of women who are taking over their family  
          firms having increased the number of female executives by almost  
          40 percent since 1996.  This resolution recognizes the unique  
          aspect of family owned businesses in California."


           ASSEMBLY FLOOR  :  76-0, 4/11/13
          AYES:  Achadjian, Alejo, Allen, Ammiano, Atkins, Bigelow, Bloom,  
            Blumenfield, Bocanegra, Bonilla, Bonta, Bradford, Brown,  
            Buchanan, Ian Calderon, Campos, Chau, Ch�vez, Chesbro, Conway,  
            Cooley, Dahle, Daly, Dickinson, Donnelly, Eggman, Fong, Fox,  
            Frazier, Beth Gaines, Gatto, Gomez, Gordon, Gorell, Gray,  
            Grove, Hagman, Hall, Roger Hern�ndez, Holden, Jones,  
            Jones-Sawyer, Levine, Linder, Logue, Maienschein, Mansoor,  
            Medina, Melendez, Mitchell, Morrell, Mullin, Muratsuchi,  
            Nazarian, Nestande, Olsen, Pan, Patterson, Perea, V. Manuel  
            P�rez, Quirk, Quirk-Silva, Rendon, Salas, Skinner, Stone,  
            Ting, Torres, Wagner, Waldron, Weber, Wieckowski, Wilk,  
            Williams, Yamada, John A. P�rez
          NO VOTE RECORDED:  Garcia, Harkey, Lowenthal, Vacancy


          MW:nl  4/23/13   Senate Floor Analyses 

                           SUPPORT/OPPOSITION:  SEE ABOVE

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