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Newsom signs California bill requiring corporate disclosure of slavery ties

Fox News reports that Gov. Gavin Newsom signed Assembly Bill 2599 on September 30, requiring large companies to disclose historical ties to slavery.

Updated Oct 13, 2026 · 20:25 UTC1 reports

The short version

Fox News reports that Gov. Gavin Newsom signed Assembly Bill 2599, the Truth in Disclosure Act, on September 30.[Fox News]
The law covers businesses with over $100 million in annual worldwide gross receipts that existed on or before December 31, 1964.[Fox News]
Covered companies have until January 15, 2029, to submit initial filings on historical ties to slavery.[Fox News]
Newsom also recently vetoed a bill that would have exempted future state reparations payments from personal income tax.[Fox News]

Newsom signed Assembly Bill 2599, the Truth in Disclosure Act, on September 30.[Fox News]
The law applies to businesses with more than $100 million in annual worldwide gross receipts that existed, or had a predecessor in operation, on or before December 31, 1964.[Fox News]
Covered companies have until January 15, 2029, to submit their initial filings detailing historical ties to slavery.[Fox News]
Newsom vetoed Assembly Bill 2186, which would have exempted future state reparations payments from California personal income tax.[Fox News]

Fox News describes the future of California reparations as uncertain.[Fox News]
All details come from Fox News reporting alone and have not been independently corroborated in the provided reporting.[Fox News]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.