SACRAMENTO — Gov.
Four measures, part of a package of 18 business-friendly bills approved Friday, seek to ease the regulatory burden on developers of smartphone-based payment systems; reverse a retroactive tax hike on investors in small start-up companies, and create a "Made in California" program to help market innovative, locally manufactured consumer products.
"This bill package underscores our commitment to strengthening the state's business climate," said Brown spokesman Evan Westrup.
AB 786 by Assemblyman
"Technological innovation within the money transmission and payments industry has skyrocketed in the last few years," Dickinson said, "yet California's regulatory framework has lagged behind this innovation."
Two other bills, AB 1412 by Assemblyman Raul Bocanegra (D-Pacoima) and
"It's simply unfair to punish people for following the law, even if it was later overruled," Lieu said.
Legislation by Sen. Ellen Corbett (D-San Leandro) creates a "Made in California" label that would piggyback on the state's reputation for designing and producing innovative products such as electronics and biotech medicines. The program will be run by the governor's Office of Business and Economic Development and is based on a successful "California Grown" label for fruits, nuts and vegetables.
"This ... marketing effort will clearly capitalize on California's cutting-edge work and product excellence," she said.
Corbett's bill, SB 12, was supported by various small-business organizations and by Tesla Motors Inc., which makes luxury electric cars.