October 29, 2024

Last month, the Chamber’s International & Public Affairs team provided an update regarding three bills the Chamber was actively engaged in veto efforts for: SB 1047, SB 1103, and AB 98. The Chamber sent letters to the Governor urging him to veto these three bills considering their very-possible negative consequences for our state, regional and binational economy.  

The good news is that SB 1047 was vetoed by Governor Newsom in late September. Given that the San Diego region has a strong innovation and tech economy, these potential regulations could have greatly stifled this crucial piece of our regional economy. Experts have stated that San Diego is primed to be an up-and-coming hub for AI both nationally and globally, and SB 1047 would have put our region at a great disadvantage.  

The not-so-good news is that SB 1103 and AB 98 were signed into law by the Governor. SB 1103 created more burdensome regulations and limitations on commercial leases, which could hurt both the landlord and the commercial tenant. AB 98 established state regulations for warehouse location and trucking routes, without consideration of local needs or the local economy, and could have unintended consequences on industries including the manufacturing industry in both San Diego and cross California. The Chamber will continue to engage with state partners as these two bills are implemented, to ensure the unintended consequences of both bills do not have the detrimental effects on the San Diego binational region that they have the potential to.