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AB-265 • 2026

Small Business Recovery Fund Act.

Small Business Recovery Fund Act.

Budget Small Business
Vetoed

The latest official action shows the governor vetoed this bill. Check the bill history to see whether lawmakers later overrode that veto.

Sponsor
Caloza
Last action
2026-01-22
Official status
Consideration of Governor's veto stricken from file.
Effective date
Not listed

Plain English Breakdown

The bill was vetoed but there's no information about whether it could be overridden later.

Small Business Recovery Fund

The Small Business Recovery Fund Act establishes a fund to provide grants and technical assistance to small businesses affected by emergencies.

What This Bill Does

  • Creates the Small Business Recovery Fund within the State Treasury upon appropriation by the Legislature.
  • Allocates 90% of the funds for competitive grants to small businesses impacted by declared emergencies, requiring grant recipients to match the amount they receive with their own funds.
  • Sets aside 5% of the fund for technical assistance programs in disaster-affected areas.
  • Requires OSBA to report on the results of grant funds awarded after each state of emergency.

Who It Names or Affects

  • Small businesses affected by emergencies declared by the Governor.
  • The Office of Small Business Advocate (OSBA) within GO-Biz.

Terms To Know

Office of Small Business Advocate (OSBA)
A part of the Governor’s Office that helps small businesses and gives them information to help them succeed.
GO-Biz
The Governor's Office of Business and Economic Development, which supports business growth in California.

Limits and Unknowns

  • The bill was vetoed by the governor but could be overridden later.
  • It only works if the Legislature gives money to the fund.

Bill History

  1. 2026-01-22 California Legislative Information

    Consideration of Governor's veto stricken from file.

  2. 2025-10-11 California Legislative Information

    Consideration of Governor's veto pending.

  3. 2025-10-11 California Legislative Information

    Vetoed by Governor.

  4. 2025-09-24 California Legislative Information

    Enrolled and presented to the Governor at 3 p.m.

  5. 2025-09-12 California Legislative Information

    Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 80. Noes 0. Page 3370.).

  6. 2025-09-12 California Legislative Information

    In Assembly. Concurrence in Senate amendments pending.

  7. 2025-09-11 California Legislative Information

    Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 2930.).

  8. 2025-09-09 California Legislative Information

    Ordered to special consent calendar.

  9. 2025-09-02 California Legislative Information

    Read second time. Ordered to third reading.

  10. 2025-08-29 California Legislative Information

    Read second time and amended. Ordered returned to second reading.

  11. 2025-08-29 California Legislative Information

    From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 29).

  12. 2025-08-18 California Legislative Information

    In committee: Referred to suspense file.

  13. 2025-07-07 California Legislative Information

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (July 7). Re-referred to Com. on APPR.

  14. 2025-06-26 California Legislative Information

    From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. P. & E.D.

  15. 2025-06-11 California Legislative Information

    Referred to Com. on B. P. & E.D.

  16. 2025-06-03 California Legislative Information

    In Senate. Read first time. To Com. on RLS. for assignment.

  17. 2025-06-02 California Legislative Information

    Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1899.)

  18. 2025-05-27 California Legislative Information

    Read second time. Ordered to third reading.

  19. 2025-05-23 California Legislative Information

    Read second time and amended. Ordered returned to second reading.

  20. 2025-05-23 California Legislative Information

    From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (May 23).

  21. 2025-05-23 California Legislative Information

    Assembly Rule 63 suspended. (Ayes 51. Noes 16. Page 1644.)

  22. 2025-05-07 California Legislative Information

    In committee: Set, first hearing. Referred to APPR. suspense file.

  23. 2025-04-22 California Legislative Information

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (April 22). Re-referred to Com. on APPR.

  24. 2025-04-22 California Legislative Information

    Coauthors revised.

  25. 2025-04-22 California Legislative Information

    Re-referred to Com. on E.D., G., & H.I.

  26. 2025-04-21 California Legislative Information

    From committee chair, with author's amendments: Amend, and re-refer to Com. on E.D., G., & H.I. Read second time and amended.

  27. 2025-02-10 California Legislative Information

    Referred to Com. on E.D., G., & H.I.

  28. 2025-01-18 California Legislative Information

    From printer. May be heard in committee February 17.

  29. 2025-01-17 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 265, Caloza.
Small Business Recovery Fund Act.
Existing law establishes the Office of Small Business Advocate (OSBA) within the Governor’s Office of Business and Economic Development, also known as GO-Biz, to advocate for causes of small business and to provide small businesses with the information they need to survive in the marketplace.
This bill, upon appropriation by the Legislature, would require OSBA to allocate 90% of the moneys appropriated to the Small Business Recovery Fund, which would be created within the State Treasury, for purposes of a small business recovery grant program to provide competitive grants to small
businesses, as defined, that are directly impacted by a state of emergency proclaimed by the Governor or other specified emergencies. The bill would require the funds to be used for, among other things, to support recovery and rebuilding efforts, and would require a grantee to match the amount of the grant awarded. The bill would require OSBA to award grants in amounts that range from $2,500 to $100,000, inclusive.
This bill
would require OSBA to allocate 5% of the moneys appropriated to the fund to the Small Business Technical Assistance Program administered by GO-Biz, for grants to small business technical assistance centers that provide direct service to disaster-affected areas, and 5% to the Capital Infusion Program administered by GO-Biz, to support increased demand for capital-related technical assistance in disaster areas.
This bill would require the Director of the Office of Small Business Advocate to prepare and submit a report to the Legislature on the results of grant funds awarded for each state of emergency proclaimed by the Governor, as provided.
This bill would repeal the Small Business Recovery Fund Act on January 1, 2032.

Current Bill Text

Read the full stored bill text 
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