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AB-364 Information security: cybersecurity: economic impact study.(2017-2018)

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Date Published: 03/20/2017 09:00 PM
AB364:v98#DOCUMENT

Revised  March 27, 2017
Amended  IN  Assembly  March 20, 2017

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 364


Introduced by Assembly Member Chau
(Coauthors: Assembly Members Irwin and Medina)

February 08, 2017


An act relating to information security.


LEGISLATIVE COUNSEL'S DIGEST


AB 364, as amended, Chau. Information security: cybersecurity: economic impact study.
Existing law establishes the Governor’s Office of Business and Economic Development, and requires that office to serve the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth, and authorizes the office to exercise various powers, including, among others, making recommendations to the Governor and the Legislature regarding policies, programs, and actions to advance statewide economic goals.
This bill would require the office to, on or before July 1, 2018, commission and complete a study that would evaluate the economic impact of California’s cybersecurity industry, and would require that study to include certain information. The bill would require the office to provide the Legislature with the results of the study, along with recommendations for promoting the economic and workforce development of the state’s cybersecurity industry. The bill would repeal these provisions as of January 1, 2022.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 (a) The Governor’s Office of Business and Economic Development shall, on or before July 1, 2018, commission and complete a study to evaluate the economic impact of California’s cybersecurity industry in order to better understand the nature of the industry itself, and its role in California’s economy so that the state can take more effective action to encourage and promote the growth of the cybersecurity industry in California.
(b) The economic impact study shall include, but not be limited to, the following information:
(1) A definition of the cybersecurity industry. industry, including the types of products and services provided by cybersecurity firms, as well as other companies that provide cybersecurity products and services.
(2) The number, size, and location of California companies that are a part of the cybersecurity industry. industry, including private, government, and military entities that are headquartered or have branches in California. This information shall include relevant employment data and salary data, as well as information about cybersecurity internships or other student training programs offered.
(3) The direct and indirect economic impact of the companies identified in paragraph (2). (2), including contribution to gross domestic product, average salaries, taxes paid, and any other metrics routinely utilized to measure economic impact.
(4) Any available data regarding difficulties that companies within the cybersecurity industry in California have with hiring and retaining employees. employees, or other impediments to operation and expansion.
(5) Employee job classifications in cybersecurity companies. companies, including educational degrees required for each classification, if any.
(6) The methodology used by the study.
(c) The Governor’s Office of Business and Economic Development shall provide the Legislature with the results of the study completed pursuant to this section, along with recommendations for promoting the economic and workforce development of the state’s cybersecurity industry, including how to utilize California’s Innovation Hubs in that process.
(d) (1) A report to be submitted pursuant to subdivision (c) shall be submitted in compliance with Section 9795 of the Government Code.
(2) Pursuant to Section 10231.5 of the Government Code, this section is repealed on January 1, 2022.
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REVISIONS:
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