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Asm. Isaac Bryan’s Bill on Corporate Slavery Ties Moves to Gov. Newsom’s Desk for Signature or Veto

August 31, 2026

California's Legislature has passed the Truth in Disclosure Act (AB 2599), which now awaits Governor Gavin Newsom's decision on whether to sign or veto it. The legislation would mandate that corporations operating in California with annual revenues exceeding $100 million investigate their historical records and submit sworn statements disclosing any connections to chattel slavery by themselves or their predecessor companies. If enacted, this measure would establish California as the first state requiring such corporate disclosure, with findings made publicly accessible through a state-maintained digital database.

Who is affected

  • Corporations operating in California with annual worldwide gross receipts of $100 million or more
  • California residents and the general public who will have access to the database
  • The California Civil Rights Department (CRD), which would host the digital platform
  • The California Legislative Black Caucus (CLBC)
  • Members of the Alliance for Reparations, Reconciliation, and Truth (ARRT)
  • Descendants of enslaved people
  • Governor Gavin Newsom, who must decide on the bill

What action is being taken

  • The bill has passed the California Legislature and moved to Governor Newsom's desk
  • The Alliance for Reparations, Reconciliation, and Truth (ARRT) held a rally and news conference at the State Capitol on August 25
  • W. Kamau Bell and ARRT members are actively campaigning for the bill in Sacramento
  • ARRT is pushing California lawmakers to turn California Reparations Task Force recommendations into law

Why it matters

  • This legislation matters because it seeks to establish transparency and accountability regarding how modern corporate wealth was built on chattel slavery. It addresses the compounding nature of wealth generated from slavery that continues to benefit corporations today, while fulfilling the broader goals of California's Reparations Task Force for truth, transparency, and institutional accountability. The bill represents an educational and historical reckoning tool that would allow Californians to understand which companies currently doing business in the state derived fortunes from enslaved labor, potentially setting a precedent as the first such law in the nation.

What's next

  • Governor Gavin Newsom must decide whether to sign or veto AB 2599. If signed and fully finalized and funded, the California Civil Rights Department (CRD) would provide a publicly searchable state digital platform hosting the corporate disclosures.

Read full article from source: The San Diego Voice & Viewpoint