Slavery: corporate disclosures.

Existing law requires every retail seller and manufacturer doing business in this state and having annual worldwide gross receipts that exceed $100,000,000 to disclose, as specified, its efforts to eradicate slavery and human trafficking from its direct supply chain for tangible goods offered for sale. This bill would require textile, tobacco, railroad, shipping, rice, sugar, financial, and insurance companies to complete an affidavit, under penalty of perjury, verifying that it has searched through any and all records in its and its related entities', as defined, possession, control, and knowledge for records that the in-state entity or its related entities bought or sold persons subjected to slavery, used persons subjected to slavery as collateral, provided loans to purchase persons subjected to slavery, insured such transactions or the persons subjected to slavery, or provided related or other services to aid or otherwise facilitate those transactions. The bill would set forth the contents of the affidavit, the timeline and manner of submission, and reporting requirements. The bill would require an unspecified department to create a public, digital platform by January 3, 2028, that would make available affidavits and reports made pursuant to the bill and disaggregated data, as described. By requiring an affidavit, and thus expanding the crime of perjury, the bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.