The California Legislature recently agreed to consider affordability issues in their policy proposals, following recommendations from the California Chamber of Commerce (CalChamber). The Chamber has focused on making California a more affordable place for residents and businesses by identifying legislative measures that could either improve or hinder this goal.
CalChamber categorized bills into “Cost Cutters,” which aim to reduce expenses, and “Cost Drivers,” which may increase costs and competitiveness challenges. CalChamber President and CEO Jennifer Barrera expressed support for the legislators’ decision to reevaluate certain proposals identified as cost drivers. She stated, “We look forward to working with members for the remainder of the legislative session to ensure new laws are carefully crafted with the best needs in mind of hard-working entrepreneurs, workers, and the families who depend on them.”
Several bills labeled as “Cost Drivers” did not progress. These include SB 310 related to wage penalties, SB 318 concerning air quality mandates, SB 601 on water quality permitting requirements, SB 682 about PFAS substance bans, SB 755 involving climate disclosure mandates, SB 763 regarding antitrust penalties expansion, AB 914 on CARB regulatory authority expansion, and AB 1221 restricting data use in employment.
Conversely, several “Cost Cutter” bills advanced through their legislative house of origin. These include:
– **SB 540**: Aims to integrate California utilities into a regional energy market.
– **AB 265**: Proposes grants for small businesses affected by Los Angeles fires.
– **AB 417**: Seeks improved infrastructure financing for local economic development.
– **AB 609**: Targets reforming housing permitting processes to lower costs.
– **AB 1308**: Expedites residential building permit processes.
– **AB 1138 and SB 630**: Propose an increased Film Tax Credit.
CalChamber will continue advocating for policies that focus on reducing costs throughout the remainder of the legislative year.
