Gov. Newsom Makes California First State To Require Corporations To Disclose Slavery Ties & Profits Under Oath As Part Of New Reparations Law

California is putting corporate history under a microscope with a first-in-the-nation law requiring some major companies to disclose whether they or their predecessors profited from chattel slavery. According to LAist, Gov. Gavin Newsom signed the Truth in Disclosure Act, a measure requiring qualifying companies operating in California to reveal historical and financial connections to transactions involving enslaved people. The Laist explains that Assembly Bill 2599, authored by Democratic Assemblymember Isaac Bryan of Culver City, applies to companies with more than $100 million in annual . . .