California Requires $100 Million Companies to Disclose Slavery-Era Ties by 2029

3 articles · Updated · Fox News · Oct 6

Large companies with more than $100 million in annual worldwide revenue and roots before 1965 must search records back to 1849 and file sworn disclosures of slavery-era transactions under California’s new law.
The measure targets records involving the purchase or sale of enslaved people, their use as loan collateral, and slave-related insurance, with the findings to be posted on a state-run digital platform once lawmakers fund it.
Jan. 15, 2029 is the first filing deadline for companies doing business in California as of Jan. 1, 2028, though submissions can be delayed if the state database is not yet built.
Newsom and bill author Isaac Bryan cast the law as a reparations-era accountability step focused on exposing corporate wealth tied to slavery, rather than direct cash payments.
Insurance groups opposed the bill as duplicative because California has required slavery-era insurance disclosures since 2000, while the law broadens scrutiny beyond insurers.