Existing law requires the Transportation Agency to prepare a state freight plan that provides a comprehensive plan to govern the immediate and long-range planning activities and capital investments of the state with respect to the movement of freight, as provided. Existing law requires the agency to establish a freight advisory committee to, among other things, participate in the development of the state freight plan.
This bill would require the agency, in consultation with the Department of Finance and the Governor's Office of Business and Economic Development, to conduct a study on the impacts that potential future increases in tariffs and reciprocal tariffs on international trade of imports and exports might have on, among other things, California's economic output, as specified. The bill would require the agency to convene the freight advisory committee to discuss the scope of the study upon initiating the study. On or before January 1, 2026, the bill would require the Transportation Agency to submit the study to the Legislature, as specified. The bill would appropriate $500,000 from the General Fund to the agency, department, and office, as specified, for purposes of conducting the study.
This bill would declare that it is to take effect immediately as an urgency statute.