BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  ACR 100
                                                                  Page  1

          Date of Hearing:   June 18, 2014

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                  Mike Gatto, Chair

                     ACR 100 (Alejo) - As Amended:  June 4, 2014 

          Policy Committee:                             JEDE  Vote:8-0

          Urgency:     No                   State Mandated Local Program:  
          No     Reimbursable:              No

           SUMMARY  

          This resolution encourages the Governor's Office of Business and  
          Economic Development (GO-BIZ) to work in coordination with the  
          Legislature to develop comprehensive trade promotion and foreign  
          investment activities that encourage stronger economic ties with  
          El Salvador.  Specifically, this resolution:

          1)Makes statements regarding California and El Salvador's  
            cultural and economic ties, including that the United States  
            enjoyed a trade surplus with El Salvador of $731 million in  
            2013 and President Barack Obama initiated a policy directive  
            on global development in 2010 that identified El Salvador as  
            one of four countries chosen for increased foreign investment.

          2)Recognizes the potential for mutually beneficial economic  
            gains resulting from increased trade and foreign investment  
            with Salvadoran businesses and encourages trade-related  
            exchanges, as specified.

           FISCAL EFFECT  

          To the extent GO-BIZ develops comprehensive trade promotion and  
          foreign investment activities, this resolution could result in  
          unknown General Fund administrative costs to GO-BIZ in the  
          thousands of dollars. 

           COMMENTS  

           Purpose  . According to the resolution's findings, there are over  
          one million Salvadoran-Americans living in California, making  
          them the second largest Latino community in the state.  The  
          author contends the labor Salvadoran-Americans provide generates  








                                                                  ACR 100
                                                                  Page  2

          millions of dollars for California's economy and their presence  
          provides a unique opportunity to help facilitate a positive  
          trade relationship with El Salvador.  ACR 100 encourages the  
          development and implementation of comprehensive trade promotion  
          and foreign investment activities that will encourage stronger  
          economic ties with El Salvador. 


           Analysis Prepared by  :    Misty Feusahrens / APPR. / (916)  
          319-2081