SB 939 (Weiner) fails to pass Senate Appropriations
Economic ramifications of this bill far too serious to play politics
Sacramento --
Opponents
of SB 939 (Wiener), including minority business groups like California Black Chamber of Commerce, California Asian Pacific Chamber of Commerce, Hispanic 100, and TELACU today were relieved that the bill was held on the suspense file and failed to make it out of the Senate Appropriations Committee.
Below is a statement from Rex S. Hime, President and CEO, California Business Properties Association (CBPA) about SB 939:
“Thankfully, legislators made the right choice to keep this bill on suspense. SB 939 is a bad bill. It is far too broad and would have done serious damage to California’s economy. We applaud those who believe policy is more important than politics in addressing the impacts of the COVID-19 pandemic.
“The negative impacts of SB 939 would have been particularly bad for affordable housing projects that rely on the commercial portion to secure funding, and currently underserved communities where investment capital is already difficult to attract.
“Even though this bill is stalled out for now, we’ll be keeping watch to make sure the language doesn’t find its way back into another bill at some point.”
Click here
to see a list of groups that joined together to push back against this ill-conceived policy measure.
“Thank you to everyone that supported the Effort.”
