Nava, Pedro


Assemblymember Pedro Nava represents the 35th Assembly District, including Oxnard, Ventura and Santa Barbara. He Chairs the Assembly Banking and Finance Committee. In addition, he serves as the State Assembly representative on the California Ocean Protection Council and serves on the California Coastal Conservancy.

Oil Companies Paying Fair Share is Part of Responsible, Balanced Budget Plan

By Assemblymember Pedro Nava

SACRAMENTO – In this Democratic weekly address, Assemblymember Pedro Nava (D-Santa Barbara) discusses how implementing the same type of oil severance fee found in every other oil-producing state can help protect the jobs of 430,000 teachers, cops and small business owners as California moves to close the budget deficit.

Why the Wall Street Reform and Consumer Protection Act of 2009 is Bad for California

By Assemblyman Pedro Nava

On Thursday December 10, 2009, in the dark of night in Washington D.C., the U.S. House of Representatives was overcome with amnesia. They acted as though the financial crisis that has gripped this nation for the past two and half years never happened. 

The worst financial crisis since the Great Depression, followed by a showering of billions of tax payer dollars to bailout the financial industry, was but a fevered dream.  That is the only conclusion that one can draw when viewing the amendments to H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009.

Residential Foreclosures Are An Economic Cancer. Banks Have The Cure And Won't Use It.

By Assemblyman Pedro Nava

In California, the mortgage delinquency rate has jumped to 10.2 percent, from 5.8 percent in 2008.  The financial institutions who caused this crisis continue to ignore its severity and their role in any potential recovery.  Thus far, the solutions offered have been a gamut of voluntary programs that still place borrowers at the distinct disadvantage of having to trust their lenders.

Earlier this year, the federal government rolled out the Home Affordable Modification Program ( HAMP ) to encourage servicers to offer sustainable modifications. The latest round of data, which covers the beginning of the program to the month of October, finds that only 20% of those eligible have received trial loan modifications. You have to be 60 days delinquent before you are "eligible." Of those borrowers in the most trouble, less than one quarter have received a trial modification.

Oil Industry to Face Tougher Standards in California

a_Pnava.gifAssemblymember Pedro Nava
35th Assembly District

Assembly Coastal Caucus Opposes Offshore Oil Drilling

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Members of the Assembly Coastal Caucus have written a letter to Governor Schwarzenegger voicing their opposition to the budget proposal that would allow the first new offshore drilling in California waters since the disastrous Santa Barbara Oil Spill in 1969.