California AB2599 mandates corporate disclosures on slavery-related business practices and establishes a public digital platform for transparency.

California AB2599 requires in-state covered entities with annual worldwide gross receipts exceeding $100 million to submit affidavits detailing their historical involvement in slaveholding and the slave trade. The bill mandates the creation of a public digital platform by January 3, 2028, to host a database of these affidavits and related records, ensuring transparency and accountability. The platform will also feature disaggregated data, including company type, value, and estimated revenue from slavery-related transactions.

California AB2599 mandates corporate disclosures on slavery-related business practices and establishes a public digital platform for transparency.

California AB2599 requires in-state covered entities with annual worldwide gross receipts exceeding $100 million to submit affidavits detailing their historical involvement in slaveholding and the slave trade. The bill mandates the creation of a public digital platform by January 3, 2028, to host a database of these affidavits and related records, ensuring transparency and accountability. The platform will also feature disaggregated data, including company type, value, and estimated revenue from slavery-related transactions.