Pérez took office as California's 68th Speaker on March 1, 2010 and was reelected in 2010 and 2012, making him one of the longest serving Speakers in the era of term limits.
Major initiatives Middle Class Scholarship Act Pérez introduced Assembly Bill 1500 and 1501 in January 2012, together known as the Middle Class Scholarship Act. These bills were double-joined and were crafted to lower the cost of tuition at state colleges and universities for middle-class families by up to two-thirds. It also would have provided up to $150 million to California community colleges. As tax measures they were required to achieve a two-thirds supermajority in order to pass as the California Constitution requires due to Proposition 13. AB 1500 and 1501 passed in the Assembly with 54 votes in favor and 25 votes against with 1 not voting; in the Senate the bills failed to pass, receiving 15 votes in favor and 22 votes against with 3 not voting. Pérez pledged to introduce another measure directed at college affordability during the 2013–2014 legislative sessions.
Governor's Office of Business Development (GoBiz) In December 2010 Pérez introduced AB 29 to create the
Governor's Office of Economic Development (GoBiz), a business resource hub. AB 29 eased access to the multitude of programs designed to assist businesses looking to move or incorporate in California. AB 29 passed the Assembly with 72 votes in favor and 6 votes against with 2 not voting; in the Senate the bills passed with 31 votes in favor and 3 votes against with 6 not voting. GoBiz is planning to open satellite offices in China and Mexico as a key function of their mission of attracting investment and businesses to California.
Disincorporation of Vernon Vernon is an industrial city located in the County of Los Angeles that is home to fewer than 150 residents but acts as a business hub with more than 50,000 employees. Vernon has had a long history of corrupt public officials, official corruption, and voter intimidation. In December 2010, Perez introduced AB 46 to disincorporate the city and make it part of unincorporated Los Angeles County. There was broad support from the surrounding communities which have been plagued by the pollution and ill-effects of Vernon's businesses but resistance met with from organized labor. After passing the assembly with 62 votes in favor, 7 votes against, and 10 not voting, the bill was defeated in the Senate with 13 votes in favor, 17 votes against, and 10 not voting. Following the bill's defeat, Vernon has continued to have serious issues with their elections and public officials, including allegation of voter fraud and disenfranchisement. Additionally, the local power authority, cited frequently as a reason to keep Vernon as an independent, business-focused city, announced significant rate increases. Audits also determined that the city was millions in debt, causing some businesses to announce they were considering moving elsewhere.
Healthcare exchange (Covered California) Following the passage of President Obama's
Patient Protection and Affordable Care Act, Pérez introduced AB 1602 in January 2010 which created the
California Health Benefit Exchange, the first such state based program in the nation created to assist with implementation of the Affordable Care Act. This gives individuals and small businesses access to a broad range of insurance products and cost saving options. AB 1602 passed in the Assembly with 51 votes in favor and 27 votes against with 0 not voting; in the Senate the bills passed with 21 votes in favor and 13 votes against with 5 not voting. States across the nation have used AB 1602 as a model for their own programs. In January 2013 Governor Jerry Brown called a special legislative session to address California health care costs and solutions. During this session, Pérez introduced AB1X1. This bill is designed to allow implementation of the health care coverage expansion envisioned in President Obama's Affordable Care Act. AB1X1 makes Medi-Cal available to 1,000,000 Californians who earn at or below 120 percent of the federal poverty limit.
Farmers Field In 2011 Pérez was instrumental in the passage of SB-292, which would have sped up construction of the proposed
Farmers Field project in Los Angeles. Farmers Field was ultimately never built but the bill he passed later served as the basis of a statewide law that speeds approval of major construction projects without compromising the environmental standards Californians value.
California State Budget In the first year Pérez served as an Assemblymember, the state faced a budget deficit totaling 64 billion dollars out of a total $110 billion. In his time as Speaker, California's structural deficit has been eliminated, resulting in an estimated 1 billion dollar reserve for the 2013/14 fiscal year and the first across-the-board increase in the state's credit rating since November 2004. In 2010, he successfully blocked former governor Schwarzenegger's final budget proposal, which would have wiped out 430,000 jobs for police officers, firefighters, teachers, nurses, and their support personnel. His California Jobs Budget¸ which balanced the budget and created a ten billion dollar private sector job creation fund, forced Gov. Schwarzenegger to back down and agree to a compromise which protected virtually every job eliminated by the initial proposal. California's budget was frequently passed after the constitutionally-mandated deadline, as the Legislature and Governors negotiated to close multibillion-dollar deficits under the requirement that budget votes have a two-thirds majority to pass. With the 2010 voter approval of Proposition 25, which lowered the threshold necessary to approve a budget to a simple majority, the Legislature adopted two consecutive, balanced and on-time budgets. ==Post-Assembly career==