CA AB2599

Requires textile, tobacco, railroad, shipping, rice, sugar, financial, and insurance companies operating in California to submit sworn affidavits disclosing any historical ties to slavery, including records of buying/selling enslaved persons, using them as collateral, or providing loans and insurance for such transactions

Affidavits must include names of enslaved persons and slaveholders found in company records, plus evidence of transactions that profited from slavery in the United States

Companies doing business in California as of January 1, 2027 must submit affidavits by July 1, 2027; new companies must file within 60 days of commencing business

Mandates creation of a public digital platform by January 3, 2028 to host all affidavits and disaggregated data including company type, company value, and estimated revenue from slavery-related transactions

False statements in affidavits constitute perjury; the designated department must provide annual legislative reports and maintain all records indefinitely on the public platform