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HomeMy WebLinkAboutMINUTES - 05031988 - I.O.6 I. 0. G _ TO BOARD OF SUPERVISORS FROM Cz I ra INTERNAL •OPERATIONS COMMITTEE DATE: Apr11 25 ,• 1988 ceft / SUBJECT: Impact of Foreign Government Investment �/l�� �t� in American Companies SPECIFIC REQUEST(S) OR RECOWENDATION(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS: ' 1 . Direct the County Administrator to request Assemblyman Campbell to ask Assemblywoman Lucy . Killea, Chair of the Assembly Committee on International Trade and Intergovernmental Relations, to hold interim hearings this fall in . Contra Costa County on the issue of foreign government investment in American companies, and the impact of such- investment on the employment and economic levels in the County. 2 . . Remove this item as a referral to our Committee. BACKGROUND: Some months ago, the Board expressed its concern with the impact ,foreign investment was having in American companies. It has been alleged that such investment tends to lead to the expansion of non-union jobs at sub-standard wages thereby impacting both the union employees, in the County and the overall economic health of the community. At the request of the Board, our Committee wrote to our state and federal legislative representatives requesting information from them on any data which may exist on .this subject. We also asked about the .interest of the legislators in conducting hearings on ..this subject. As is indicated in the attached report from the County Administrator' s Office, . we received responses from Assemblyman- Campbell, Senator .Petris, the principal consultant to the Assembly Committee . on International Trade and Intergovernmental Relations, and Congressman Miller. Assemblyman Campbell indicates in his letter that he has directed his staff to work with us' in whatever way the. Board wishes to obtain information ' on , this subject from the appropriate legislative committees Senator Petris . forwarded us a most interesting document from the State Department of Commerce entitled: Foreign Direct Investment in California. Senator Petris agrees that the_ Legislature should hold hearings on this CONTINUED ON ATTACHMENT: X YES SIGNATURE:. _ RECOMMENDATION OF COUNTY. ADMINISTRATOR X RECOMMENDATION OF BOARD, COMMITTEE . APPROVE OTHE `� -c; * SIGNATURE(Sj: Sunne W. McPeak Tom Torlakson ACTION OF BOARD ON May 1988 APPROVED AS RECOMMENDED X OTHER VOTE OF SUPERVISORS 1 HEREBY CERTIFY THAT THIS IS A TRUE X UNANIMOUS (ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES'. AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. CC: County Adminl$tratOr. ATTESTED Congressman George Mil ler PHIL BA ?=ELOR,­CLERK OF THE BOARD OF State Legislative Delegation SUPERVISORS AND COUNTY ADMINISTRATOR , M382/7-83 - DEPUTY Page 2 subject. We also received a letter from Kathleen Krause, principal consultant to. Assemblywoman Kill.ea' s committee, setting forth some of the concerns that have been expressed both in state and federal legislation, and indicating her willingness to work with the Board in conducting interim hearings.. Congressman Miller' s letter references the difficulty ,of trying to track the ownership of various companies because of their interlocking directorates and references some of the federal legislation pending on this subject. It is clear that while this subject is . of vital concern to our Committee and to the Board that it would be more appropriate to request the State ,.Legislature to hold hearings rather than to attempt to do so on our own. We are, therefore, recommending that working through Assemblyman Campbell' s office we attempt to have .Assemblywoman Killea' s committee conduct interim hearings in this County once the Legislature has adjourned this fall. TO: BOARD OF SUPERVISORS 1. 0. C " FROM: Contra INTERNAL OPERATIONS COMMITTEE Costa i� DATE . April 25, 1988 COJ* SUBJECT: Impact of Foreign Government Investment „' in American Companies SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS: 1 . Direct the County Administrator to request Assemblyman Campbell to ask Assemblywoman Lucy Killea, Chair of the Assembly Committee on International Trade and Intergovernmental Relations, to hold interim hearings this fall in Contra Costa County on the issue of foreign government investment in .American companies, and the impact of such investment on the employment and economic levels in the County. 2 . Remove this item as a referral to our Committee. BACKGROUND: Some months ago, the Board expressed its concern with the impact foreign investment was having in American companies. It has been alleged that such investment tends to lead to the expansion of non-union jobs at sub-standard wages thereby impacting both the union employees in the County and the overall economic health of the community. At the request of the Board, our Committee wrote to our state and federal legislative representatives requesting information from them on any data which may exist on this subject. We also asked about the interest of the legislators in conducting hearings on this subject. As is indicated in the attached report from the County Administrator' s Office, we received responses from Assemblyman Campbell, Senator Petris, the principal consultant to the Assembly Committee on International Trade and Intergovernmental Relations, and Congressman Miller. Assemblyman Campbell indicates in his letter that he ,has directed his staff to work with us in whatever way the Board wishes to obtain information on this "subject from the appropriate legislative committees. Senator Petris forwarded us a most interesting document from the State Department of Commerce entitled: Foreign Direct Investment in California. Senator Petris agrees that the Legislature should hold hearings on this CONTINUED ON ATTACHMENT: X YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR X RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHE ���G%�C��a�.�• S I GNATURE I S 1: Sunne W. McPeak n Tom Torlakson ACTION OF BOARD ON May 3, 1938 A?PROVED A.S. RECOMMENDED X OTHER VOTE OF SUPERVISORS 1 HEREBY CERTIFY THAT THIS IS A TRUE X UNANIMOUS (ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND, ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. CC: County Administrator ATTESTED J /98.0 Congressman George Miller PHIL BA CHELOR, CLERK OF THE BOARD OF State Legislative Delegation SUPERVISORS AND COUNTY ADMINISTRATOR BY M382/1-83 ,DEPUTY— r Page 2 subject. We also received a letter from Kathleen Krause, principal consultant to Assemblywoman Killea' s committee, setting forth some of the concerns that have been expressed both in state and federal legislation, and indicating her willingness to work with the Board in conducting interim hearings. Congressman Miller' s letter references the difficulty of trying to track the ownership of various companies because of their interlocking directorates and references some of the federal legislation pending on this subject. It is clear that while this subject is of vital concern to our Committee and to the Board that it would be more appropriate to request the State Legislature to hold hearings rather than to attempt to da so on our own. We are, therefore, recommending that working through Assemblyman Campbell ' s office we attempt to have Assemblywoman Killea' s committee conduct interim hearings in this County once the Legislature has adjourned this fall.