AB 2599: Slavery: corporate disclosures.

<p>The bill amends existing laws to require businesses with annual worldwide gross receipts over $100 million to complete an affidavit under penalty of perjury, verifying they have searched their records and those of related entities for any transactions involving slavery. The affidavit must detail whether the business bought or sold enslaved persons, used them as collateral, provided loans for such purchases, insured these transactions, or facilitated similar activities. Businesses must submit this affidavit along with bids or proposals to state agencies for contracts over $100,000 and certify compliance under penalty of perjury.</p> <p>The bill mandates the creation of a public digital platform by January 3, 2028, to display these affidavits and related reports. It also authorizes the Attorney General to seek injunctive relief for violations. Additionally, businesses must disclose the…