AB 1550:

Investing cap-and-trade funds in disadvantaged communities

Author: Assemblymember Jimmy Gomez

AB 1550 (Gomez) requires at least 25 percent of funds from cap-and-trade auction proceeds go to projects directed to disadvantaged communities and at least an additional 10 percent for low-income households or communities.

Bill info from the legislature

CLCV Supported

Status:

Passed Assembly 54-23
Passed Senate 26-12
Passed Assembly Concurrence 53-22

vote key

PRO-ENVIRONMENTAL ACTION:ANTI-ENVIRONMENTAL ACTION:DID NOT VOTEDid not vote on good bill. Counted negatively.DID NOT VOTEDid not vote on a bad bill. Counted positively.EXCUSEDAbsent due to illness or family leave; not counted positively or negatively.

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