BILL ANALYSIS �
HR 44
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Date of Hearing: June 12, 2014
ASSEMBLY COMMITTEE ON RULES
Richard S. Gordon, Chair
HR 44 (Medina) - As Introduced: June 5, 2014
SUBJECT : Panama Canal.
SUMMARY : Recognizes the 100th anniversary of the completion of
the Panama Canal and the 495th anniversary of the founding of
Panama City and celebrates the unique and beneficial
relationship between the United States and Panama.
Specifically, this resolution makes the following legislative
findings:
1)The Country of Panama is located at the strategic nexus of two
globally important trade corridors forming both a land bridge
connecting North and South America, and controls the Panama
Canal; which links the North Atlantic Ocean through the
Caribbean Sea, with the North Pacific Ocean.
2)In 1903, Panama seceded from Colombia and signed a treaty with
the United States allowing for construction of the canal which
was taken over from the French in 1904 and opened it as a
transcontinental passage on August 15, 1914.
3)The Panama Canal is a true engineering marvel of the 20th
Century, lifting ships 26 meters up to and own from Gatun Lake
through the use of electric mini-locomotive "mules"; which
costs approximately $400,000,000.
4)The Panama-California Exposition was held at Balboa Park in
San Diego, California, from March 9, 1915, to January 1, 1917,
to celebrate the opening of the Panama Canal, and to highlight
San Diego's location as the first American port of call for
northbound ships that passed westward through the Panama
Canal.
5)California's two-trillion-dollar economy is the eighth largest
in the world, and has benefited from increased international
trade provided for by the use of the Panama Canal;
contributions from immigrants from Panama; and new investments
by foreign businesses.
FISCAL EFFECT : None
HR 44
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REGISTERED SUPPORT / OPPOSITION :
Support
None on file
Opposition
None on file
Analysis Prepared by : Nicole Willis / RLS. / (916) 319-2800