AB 685: Small Business Development Technical Assistance.
The bill aims to provide assistance to small businesses in California by establishing a new fund to support their resilience and innovation. The fund will be allocated $26 million from the general fund and administered by the Office of Small Business Advocate (OSBA). The funds will be used to support the Capital Infusion Program (CIP) and the California Small Business Technical Assistance Program (SB-TAP), as well as OSBA's administrative costs. The program is intended to help small businesses survive in the marketplace and will be reported on annually to the legislature. The bill takes effect immediately as an urgency statute.
| Aug. 24, 2026 | Read second time. Ordered to third reading. |
| Aug. 21, 2026 | Read third time and amended. Ordered to second reading. |
| Aug. 17, 2026 | Read second time. Ordered to third reading. |
| Aug. 13, 2026 | Read second time and amended. Ordered returned to second reading. |
| Aug. 13, 2026 | From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 13). |