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The bill would move California beyond the current 50 percent waste reduction standard toward a new 75 percent recycling goal.
“Recycling is a powerful fuel additive that helps propel California’s engine,” Chesbro said. “California’s commitment to recycling has already created 125,000 new jobs over the past two decades. The industry generates $4 billion a year in salaries and produces $10 billion worth of goods and services annually.
“My bill expands on the law passed 21 years ago that made California the nation’s leader in recycling. Not only do we create more green jobs, we protect the environment and reduce energy consumption by reducing the amount of waste that ends up in landfills.”
Chesbro’s AB 737 seeks to expand on AB 939, the California Integrated Waste Management Act passed in 1989 – ground-breaking legislation that set recycling standards for California that other states have since copied.
AB 939 made it possible for California to lead the nation in the amount of waste diverted from landfills, currently 58 percent, and to create those 125,000 jobs.
The bill will require local governments to implement local commercial recycling programs if not already in place. AB 737 also pushes the state toward meeting a goal of increasing the diversion rate to 75 percent by 2010.
“Recycling’s a proven job creator”, said Mark Murray, executive director of Californians Against Waste. “Assembly Member Chesbro’s AB 737 will bring local governments and the private sector together to divert recyclables from the 30 million tons of waste that the commercial sector and apartments still send to landfills every year. By cutting this waste in half, AB 737 has the potential to create more than 30,000 jobs in collection and processing and 75,000 jobs in manufacturing.”
The governor has until Sept. 30 to take action on the bill.
“In addition to the thousands of green jobs that diverting waste away from landfills creates, recycling saves natural resources, it saves energy and it reduces the amount of water and electricity needed in the manufacturing process,” Chesbro said. “By one estimate, the amount of energy saved last year alone across the United States from recycling beverage containers, newsprint and cardboard was equal to the annual electrical needs of nearly 18 million Americans.”
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This bill will expand much needed lending to millions of small businesses across the country and offers tax incentives to help small businesses.
Congressman Mike Thompson (D-St. Helena) voted in favor of the bill.
“I’ve heard from many small business owners in our district that need access to loans to hire additional employees or expand their business, and that is exactly what this bill does,” Thompson said. “Small businesses have been responsible for a majority of the new jobs created over the past decade and we should give them access to the resources they need to continue hiring.”
Small Business Lending Fund Act gives small businesses access to $12 billion in tax cuts and expands their access to private capital to finance an expansion and hire new workers.
It also creates a $30 billion Small Business Lending Fund to provide community banks with additional capital to increase their lending to small businesses.
The Small Business Lending Fund Act is fully paid for and will not add to the national deficit, Thompson reported.
This bill was supported by National Small Business Association, Small Business Majority, National Retail Federation, National Restaurant Association, Hispanic Chamber of Commerce, Independent Community Bankers of America, American Bankers Association, Financial Services Roundtable, Business & Professional Women’s Foundation, International Franchise Association, Motor & Equipment Manufacturers, and the National Association for the Self-Employed.
The Senate passed th bill by a 61-38 vote the previous week. It will now be sent to President Obama to be signed into law.
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