well im in cali and had the exact same issue, not sure if you have read the forums at all but i got mine to clear by installing a defouler on bank 1 sensor 2 (took 2 seconds to install) i then ran premium gas 4 tanks though the car and cleared teh code witha odbII reader. it has clearned the issue and passed smog just fine. i did also order a non carb compliant bank 1 cat for 120 on ebay but never had to install it. (i did also change the spark plugs but doubt it did much)
now if you go to the smog place adn teh check engine light goes on of course you dont try to smog and come back when t is off. i drove with expired tags since may till i got around to installing the defouler (15$?)