Bill Text: CA AB923 | 2017-2018 | Regular Session | Amended
Bill Title: State government: international trade and investment strategy.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2017-09-01 - In committee: Held under submission. [AB923 Detail]
Download: California-2017-AB923-Amended.html
Amended
IN
Assembly
April 19, 2017 |
Amended
IN
Assembly
March 28, 2017 |
Assembly Bill | No. 923 |
Introduced by Assembly Member Ridley-Thomas |
February 16, 2017 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 13996.55 of the Government Code is amended to read:13996.55.
(a) The Director of the Governor’s Office of Business and Economic Development shall provide to the Legislature, not later than February 1, 2019, a strategy for international trade and investment that, at a minimum, includes all of the following:(a)The director shall prepare the following:
(1)A budget for the International Trade and Investment Program that includes a separately stated budget for each international trade and investment office. The budget shall provide all the following:
(A)A description of how the International Trade and Investment Program and each individual international trade and investment office will be funded.
(B)A description of staffing levels and the positions needed to operate each international trade and investment office.
(2)A strategy and business plan for the International
Trade and Investment Program, developed with input from California businesses that shall include, but not be limited to, measurable goals, objectives, and outcomes and timelines necessary to attract employment-producing direct foreign investment to the state and increase California exports. The strategy and business plan shall include, but not be limited to, all of the following:
(A)A description of the staffing levels and staff expertise needed to operate each international trade and investment office.
(B)A description of monitoring and oversight procedures implemented for the International Trade and Investment Program.
(C)A description of how a newly proposed international trade and investment office will facilitate an increase of direct foreign investment in California or an increase in California exports, or
both. The description shall include an analysis of emerging markets, including, but not limited to, markets in African and Caribbean countries.
(3)A written review of the implementation of the prior year’s strategy and business plan for the International Trade and Investment Program that addresses the performance of the program and each international trade and investment office.
(b)The annual budget, the strategy and business plan for the International Trade and Investment Program, and the prior year’s review drafted pursuant to subdivision (a) shall be transmitted to the Chief Clerk of the Assembly, the Secretary of the Senate, the Speaker of the Assembly, the President pro Tempore of the Senate, the chair of the Assembly Committee on Jobs, Economic Development, and the
Economy and the chair of the Senate Committee on Business, Professions and Economic Development, or respective successor committees, with jurisdiction over the international trade and economic development programs.