Bill Text: CA SB666 | 2023-2024 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Small business: commercial financing transactions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2023-10-13 - Chaptered by Secretary of State. Chapter 881, Statutes of 2023. [SB666 Detail]

Download: California-2023-SB666-Introduced.html

---

CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Senate Bill

No. 666

---

Introduced by Senator Min

February 16, 2023

---

An act relating to small business.

LEGISLATIVE COUNSEL'S DIGEST

SB 666, as introduced, Min. Small business.

Existing law establishes the California Infrastructure and Economic Development Bank within the Governor’s Office of Business and Economic Development and requires the bank, among other things, to administer the California Small Business Finance Center that administers programs to assist businesses seeking new capital resources, including, but not limited to, the Small Business Loan Guarantee Program.

This bill would state the intent of the Legislature to enact legislation that would expand the access to capital for California’s small businesses.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

---

Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 It is the intent of the Legislature to enact legislation that would expand the access to capital for California’s small businesses.