BILL ANALYSIS �
-----------------------------------------------------------------
|SENATE RULES COMMITTEE | ACR 100|
|Office of Senate Floor Analyses | |
|1020 N Street, Suite 524 | |
|(916) 651-1520 Fax: (916) | |
|327-4478 | |
-----------------------------------------------------------------
THIRD READING
Bill No: ACR 100
Author: Alejo (D), et al.
Amended: 8/4/14 in Senate
Vote: 21
SENATE BUSINESS, PROF. & ECON. DEV. COMM. : 9-0, 8/11/14
AYES: Lieu, Wyland, Berryhill, Block, Corbett, Galgiani,
Hernandez, Hill, Torres
SENATE APPROPRIATIONS COMMITTEE : Senate Rule 28.8
ASSEMBLY FLOOR : 71-1, 6/19/14 - See last page for vote
SUBJECT : Relations with El Salvador
SOURCE : Author
DIGEST : This resolution encourages the Governors 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.
ANALYSIS :
Existing law:
1. Establishes GO-Biz within the Governor's Office for the
purpose of serving as the lead state entity for economic
strategy and marketing of California on issues relating to
CONTINUED
ACR 100
Page
2
business development, private sector investment and economic
growth. GO-Biz also serves as the administrative oversight
for the California Business Investment Service and the Office
of the Small Business Advocate.
2. Specifies that GO-Biz is the primary state agency authorized
to attract foreign investments, cooperate in international
public infrastructure projects, and support California
businesses in accessing markets, and requires the Director of
GO-Biz to develop an international trade and investment (ITI)
program attracting employment-producing direct foreign
investment to the state and provides support for California
businesses in accessing international markets and increasing
exports.
3. Authorizes GO-Biz to establish ITI offices outside of the
U.S. according to certain requirements.
This resolution makes the following legislative findings:
1. California is currently the eighth largest economy in the
world and depends on international trade, which can be
enhanced by the economic development of foreign trade
partners.
2. More than 4.4 million jobs in California depend on
international trade, with trade-related employment being one
of the strongest growing and well-paying labor sectors in the
state.
3. El Salvador has an emerging global economy with close
cultural and demographic ties to California, providing the
state a unique opportunity to engage in binational economic
development activities.
4. Salvadoran-Americans constitute the second largest Latino
community in California, totaling over one million throughout
the state and 6% of all immigrants nationwide.
5. The United States prospered from a $731 million trade surplus
with El Salvador in 2013.
6. President Barack Obama initiated the Presidential Policy
Directive on Global Development in 2010, which identified El
CONTINUED
ACR 100
Page
3
Salvador as one of four select countries chosen for increased
foreign investment based on their track record of partnering
with the United States, policy performance, and the potential
for continued economic growth.
7. In September 2013, the United States awarded El Salvador a
$277 million grant to improve El Salvador's competitiveness
and productivity in international markets.
8. The California Legislature recognizes the potential for
mutually beneficial gains resulting from El Salvador's
economic development and is committed to encouraging
exchanges with El Salvador in order to promote better
economic ties through specified means.
This resolution encourages 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.
FISCAL EFFECT : Fiscal Com.: Yes
SUPPORT : (Verified 8/12/14)
Government of El Salvador
Salvadoran-American Committee of Santa Cruz County
ARGUMENTS IN SUPPORT : According to the author,
"Salvadoran-Americans are the second largest Latino community in
California, and El Salvador has been recognized by the Obama
Administration as one of four select countries targeted for
increased economic investment. ACR 100 seeks to spur the
development and implementation of comprehensive trade promotion
and foreign investment activities that encourage stronger
economic ties with El Salvador. These activities will identify
opportunities to work with the Government of El Salvador and
Salvadoran business to support California priority exports to El
Salvador and Salvadoran investments in California."
ASSEMBLY FLOOR : 71-1, 6/19/14
AYES: Achadjian, Alejo, Bigelow, Bloom, Bocanegra, Bonilla,
Bonta, Bradford, Brown, Buchanan, Ian Calderon, Campos, Chau,
Ch�vez, Chesbro, Conway, Cooley, Dababneh, Dahle, Daly,
CONTINUED
ACR 100
Page
4
Dickinson, Eggman, Fong, Fox, Frazier, Garcia, Gatto, Gomez,
Gonzalez, Gordon, Gorell, Gray, Hall, Harkey, Roger Hern�ndez,
Holden, Jones-Sawyer, Levine, Linder, Logue, Lowenthal,
Maienschein, Medina, Melendez, Mullin, Muratsuchi, Nazarian,
Nestande, Olsen, Pan, Patterson, Perea, John A. P�rez, V.
Manuel P�rez, Quirk, Quirk-Silva, Rendon, Ridley-Thomas,
Rodriguez, Salas, Skinner, Stone, Ting, Wagner, Waldron,
Weber, Wieckowski, Wilk, Williams, Yamada, Atkins
NOES: Donnelly
NO VOTE RECORDED: Allen, Ammiano, Beth Gaines, Grove, Hagman,
Jones, Mansoor, Vacancy
MW:d 8/22/14 Senate Floor Analyses
SUPPORT/OPPOSITION: SEE ABOVE
**** END ****
CONTINUED