Access to Credit and Capital
CSBA calls on the State of California to support existing state-chartered Financial Development Corporations, and support new alternative loan and equity intermediary institutions to channel more capital to small businesses. CSBA urges the State to support the use of public and private pension funds as investments in small business ventures.
2017 Legislative Bills
|Bill||CSBA POSITION||House of Origin||Second House||Governor|
olitical Reform Act of 1974: postemployment restrictions.
Insurance: community development investments.
Pilot Program for Increased Access to Responsible Small Dollar Loans.
Sales and use taxes: exemption: manufacturing and research.
Securities transactions: qualifications by permit: liability.
Community revitalization and investment authorities.
California Finance Lenders Law: regulation of finders.
Governor’s Office of Business and Economic Development.
|KEY: = PASSED X = UNDER CONSIDERATION = DIED / FAILED PASSAGE Date - Hearing|
- AB551- This bill would remove this exclusion, thereby making these appearances or communications on behalf of an individual’s agency subject to the one-year prohibition. The bill would also make other nonsubstantive changes. Support
- AB778-This bill would instead define a community development investment as certain projects, developments, or activities that, among other things, benefit low- to moderate-income individuals or families. The bill would include investments in reservation-based communities and investments in rural areas, as defined, in community development investments. Support
- AB784-This bill would permit a licensee that consummates electronically an unsecured loan under the Pilot Program for Increased Access to Responsible Small Dollar Loans to satisfy the requirements to provide a borrower with documents marked-paid-by providing the borrower or person making final payment with a receipt, as specified. The bill would increase the amount of a permissible loan under the program from $2,500 to $5,000, and revise the statement of legislative findings for the program. Watch
- AB1230-Those laws partially exempt from those taxes, for a specified period, the gross receipts from the sale of, and the storage, use, or other consumption of, specified tangible personal property purchased for use by a qualified person, as defined, to be used primarily in manufacturing or other processes, and in research and development. This bill would make a nonsubstantive change to this provision. Support
- AB1517 - This bill would authorize an applicant to file an application for qualification of the offer or sale of a security by crowdfunding permit if certain conditions are met, including that the total offering of securities by the applicant to be sold in a 12-month period, within or outside this state, is limited to $1,000,000, less a specified amount; the aggregate amount of securities sold to any investor, including any amount sold during the 12-month period preceding the date of the transaction, does not exceed the lesser of $5,000 or 10% of the net worth of that natural person; the transaction is conducted through an intermediary, and the issuer will not, directly or indirectly, conduct any unsolicited telephone solicitation of the securities offered. This bill would impose a filing fee of $200 plus 1/5 of 2% of the aggregate value of the securities sought to be sold in this state. Oppose
- AB1598-This bill would authorize a city, county, or city and county to adopt a resolution creating an authority with power limited to providing low- and moderate-income housing and with boundaries that are identical to the boundaries of the city, county, or city and county that created the authority. Support
- SB297-This bill would expand the application of that law to include finders, and would prohibit a person from engaging in business as a finder, defined to include any person who helps bring a prospective borrower and finance lender together regarding certain loan activities, without first registering with the commissioner. Support
- SB635- This bill would state the intent of the Legislature to enact legislation to create a program within the Governor’s Office of Business and Economic Development that uses criteria adopted by the federal Promise Zone program. Watch