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Newsom Signs AB 2599 Requiring Slavery-Era Disclosures

By Drooid · · How we work

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  • Governor Gavin Newsom signed Assembly Bill 2599, requiring corporations to disclose slavery-era ties.
  • AB 2599 applies to firms with revenue over $100 million that existed before Dec. 31 1964.
  • Affected companies must file sworn affidavits with the California Civil Rights Department by Jan. 15 2029.
  • Newsom vetoed Assembly Bill 2186, rejecting a tax exemption for reparations payments.