Freedmen News Watch · October 13, 2026, 1:20 PM CDT
Key Facts
- Reparations activists celebrate ‘important victory’ after Newsom signs first-ever corporate slavery bill (via Fox News)
Reparations activists celebrate ‘important victory’ after Newsom signs first-ever corporate slavery bill.
California advocacy groups are celebrating a “big, important victory” in their push for state-level reparations after Gov. Gavin Newsom signed a first-in-the-nation bill requiring large corporations to investigate and disclose historical ties to chattel slavery.
Kristin Nimmers, policy and campaign manager for the California Black Power Network (CBPN) and the Alliance for Reparations, Reconciliation, and Truth, told Fox News Digital Newsom’s signature on Assembly Bill 2599 — the Truth in Disclosure Act — marks a significant milestone for corporate accountability.
“There are connections right now from slavery to current wealth of individuals and current wealth of corporations whose foundation and who built the start of their companies off of slavery and off of benefits gained from slavery,” Nimmers said.
Newsom signed AB 2599 into law Sept. 30, a move Nimmers called a “historic moment” that forces qualifying businesses operating in California to scour historical records and publicly disclose slavery-era transactions.
California was the first state in the nation to establish a formal task force to study the legacy of slavery and recommend potential restitution measures.
“The California Reparations Task Force spent years documenting the state’s role in perpetuating racial harm and outlining this path toward repair,” Nimmers said.
“AB 2599 is really starting the work of identifying who really benefited from this racial harm and from slavery.”
Authored by Assemblymember Isaac Bryan, D-Ladera Heights, the law applies to businesses with more than $100 million in annual worldwide gross receipts that existed — or had a predecessor entity in operation — on or before Dec. 31, 1964.[1]
About the Freedmen News Watch
This series follows the news that bears on Black American freedmen and their descendants, the people freed from slavery in this country: citizenship and treaty-rights cases such as the Cherokee, Creek and Seminole Freedmen, the Dawes Rolls and Freedmen’s Bureau records, heirs’ property and Black land loss, reparations and descendant-based programs, and the history and memory of emancipation. It covers the hard news and the good news alike. Every passage is quoted as reported and linked to its source, and nothing is generated. The photograph on each post is a public-domain file photo from Wikimedia Commons, credited, and shows a place or monument, not the people in the story.
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References
- Fox News. Reparations activists celebrate ‘important victory’ after Newsom signs first-ever corporate slavery bill. ↩
Investigative methodology: this update was produced by scripts/topic_news_roundup.py from real Fox News reporting — not a language model. The quoted text above is verbatim from the source, cited; no analysis or interpretation is added.
File photo: The exterior of the Cherokee National Supreme Court Museum in Tahlequah, Oklahoma (0c9bfdfd-54db-422b-85d7-786908473ff7) — National Trails Office (US National Park Service), 2016. Public domain, via Wikimedia Commons. This image is illustrative and does not depict the people or events in this report.
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