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

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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California Environmental Voters (formerly the California League of Conservation Voters) believes the climate crisis is here and this moment requires transformative change. California has the policy solutions to stop climate change but lacks the political will to do it at the rate and scale that’s necessary. EnviroVoters exists to build the political power to solve the climate crisis, advance justice, and create a roadmap for global action. We organize voters, elect and train candidates, and hold lawmakers accountable for bold policy change. We won’t stop until we have resilient, healthy, thriving communities, and a democracy and economy that is just and sustainable for all.

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