Commission on Tech Equity.

Existing law establishes various advisory boards and commissions in state government with specified duties and responsibilities. Existing law requires the Governor to transmit to the Legislature, no later than April 15 of each year, an economic report to be designated as the "Economic Report of the Governor" setting forth, among other things, a review of economic developments during the preceding calendar year and forecasts of trends in employment, income, and investment for the coming year and trends in such major economic sectors as it is feasible to project. This bill, until January 1, 2025, would establish in state government the advisory Commission on Tech Equity, which would consist of 7 appointed members, as specified, and the Director of the Governor's Office of Business and Economic Development and the Director of Finance serving as ex officio members. The bill would require the commission to develop recommendations on a policy framework to manage the development, deployment, regulation, taxation, and fair distribution of the benefits of innovation and technology, as specified, and submit the recommendations to the Legislature and to the Governor no later than January 1, 2021, and annually on or before January 1, thereafter.