BILL ANALYSIS �
SB 460
Page 1
Date of Hearing: August 17, 2011
ASSEMBLY COMMITTEE ON APPROPRIATIONS
Felipe Fuentes, Chair
SB 460 (Price) - As Amended: July 13, 2011
Policy Committee: JEDE Vote:5-1
Urgency: No State Mandated Local Program:
No Reimbursable:
SUMMARY
This bill expands the Business, Transportation and Housing
Agency's (BTH) trade-related authority. Specifically, this
bill:
1)Requires BTH to coordinate international trade marketing and
promotion strategies.
2)Requires the Secretary of BTH to convene a statewide business
partnership for international trade marketing and promotion no
later than March 1, 2012, including, but not limited to,
representatives of public airports, land ports of entry,
seaports, ocean carriers, marine terminal operators, air
carriers, warehouse operators, trucking companies, foreign
trade zones and shippers.
FISCAL EFFECT
The planning and staffing for the statewide business partnership
would result in estimated costs to BTH of approximately
$200,000.
COMMENTS
1)Purpose : According to the author, port activity is vital to
California's economy, yet, the state has no comprehensive
economic strategy to protect and promote it. The author
argues that in the absence of a state economic strategy,
collaboration is key to oversight, promotion and the success
of California's international trade program. The author
states that SB 460 allows the Secretary of the BT&H Agency to
establish a marketing and promotional advisory group of
SB 460
Page 2
industry experts and practitioners to examine and suggest
solutions to international issues.
2)The international trade and investment strategy : California's
international trade and investment program was codified in SB
1513, Chapter 663, Statutes of 2006, which required state
activities to be directed through the development and
implementation of the international trade and investment
strategy. This strategy is prepared every five years based on
current state and regional economic research and a public
vetting with the Legislature to ensure the inclusion of
jointly agreed upon goals and measurable objectives. The
current international trade and investment strategy was
finalized in August 2008, and the next strategy is due in
August 2013.
SB 460
Page 3
3)Related legislation.
a) AB 1137, (V. Manuel P�rez) establishes the California
Foreign Investment Program and requires BTH to serve as the
lead state entity under specified federal provisions and
authorize the agency to apply for and receive federal
funding for the implementation of a state and federal
export financing program. This bill is on the suspense
file of the Senate Appropriations Committee.
b) AB 1409, (JEDE) requires BTH to include in an existing
required study goods movement goals and outcomes related to
international trade and infrastructure. This bill is on
the suspense file of the Senate Appropriations Committee.
Analysis Prepared by : Roger Dunstan / APPR. / (916) 319-2081