
Written by Gordon M. Webster Jr.
At The Business Journal, one of our key missions is keeping business owners updated on potential regulation and legislation that will touch their operations. As the current legislative session continues, the California Chamber of Commerce’s list of “Job Killers” has only grown.
But there is good news out of Sacramento — at least one of those Job Killers appears to be dead.
The CalChamber reported on a number of signs pointing to the death this year of AB 2230 (Assemblymember Steve Bennett, D-Ventura), which would make it harder to invest in housing production.
The bill would expand California’s antitrust Cartwright Act to include residential housing. The practical effect would be to dampen the flow of investment into the housing market — the opposite of what it was intended to do, according to the CalChamber.
The only path to meeting California’s housing challenge is to peel back the onerous laws and regulations that stifle development.
“California families and California workers are struggling with an overall affordability crisis driven in large part to how expensive it is to secure a place to live. A comprehensive approach that includes streamlining regulatory processes, encouraging investment in housing, and fostering a climate conducive to the rapid and cost-effective and sustainable construction of housing units is critically needed,” according to a letter about AB 2230 by the CalChamber.