California AB2599 mandates corporate disclosures on historical slaveholding and slave trade involvement.

California AB2599 requires companies with annual worldwide gross receipts exceeding $100 million to submit affidavits detailing their historical involvement in slaveholding and the slave trade. These affidavits must include records of transactions, insurance policies, and other documents related to slavery. The bill also mandates the creation of a public digital platform to make these disclosures accessible. The aim is to promote transparency, accountability, and to address the lasting impacts of slavery on descendants of enslaved persons.

California AB2599 mandates corporate disclosures on historical slaveholding and slave trade involvement.

California AB2599 requires companies with annual worldwide gross receipts exceeding $100 million to submit affidavits detailing their historical involvement in slaveholding and the slave trade. These affidavits must include records of transactions, insurance policies, and other documents related to slavery. The bill also mandates the creation of a public digital platform to make these disclosures accessible. The aim is to promote transparency, accountability, and to address the lasting impacts of slavery on descendants of enslaved persons.