Resolution criteria

This market will resolve to "Yes" if California Senate Bill 607 (SB 607) is signed into law by the Governor of California. The official status of the bill can be verified through the California Legislative Information website: California Legislative Information.

Background

SB 607, introduced by Senator Scott Wiener, aims to limit the scope of environmental reviews under the California Environmental Quality Act (CEQA) for certain housing projects. This bill is part of a broader legislative effort to address California's housing shortage, especially in the wake of the January 2025 Southern California wildfires. Governor Gavin Newsom has endorsed SB 607, indicating executive support for the measure. (en.wikipedia.org)

Considerations

The passage of SB 607 could significantly impact the approval process for housing developments in California by streamlining environmental reviews. Stakeholders should monitor the bill's progress through the legislative process and consider its potential effects on housing development timelines and environmental oversight.