# Governor Newsom statement on compromise to address wildfire risk, support fire survivors, and create stronger accountability

Date: 29 Aug 2026
Released by: Office of Governor Gavin Newsom

## MediaRelease.co Summary

SACRAMENTO Governor Gavin Newsom issued the following statement on Senate Bill 492 (Becker and Petrie-Norris), the three-party compromise reached yesterday to reduce wildfire risk, support fire survivors, and strengthen utility accountability: We reached a compromise that blocks hedge funds from profiteering off wildfire survivors, bars utility executives from taking bonuses when their company ignites a fire, and gets money.

## Original release

SACRAMENTO – Governor Gavin Newsom issued the following statement on Senate Bill 492 (Becker and Petrie-Norris), the three-party compromise reached yesterday to reduce wildfire risk, support fire survivors, and strengthen utility accountability: “We reached a compromise that blocks hedge funds from profiteering off wildfire survivors, bars utility executives from taking bonuses when their company ignites a fire, and gets money into survivors’ hands faster. It also establishes a Statewide Community Wildfire Strategy to better coordinate prevention and preparedness efforts across the state. This is all real progress for future fire survivors. “Nonetheless, this system needs full structural reform — not a partial one. I urge the Legislature to build on this progress next year and finish the work we started to secure the Wildfire Fund’s long-term durability, stabilize electricity rates, and ensure fire victims are never again turned into unsecured creditors in a bankruptcy proceeding.”

## Key details

- Issued by: Office of Governor Gavin Newsom
- Published: 29 Aug 2026
- Publisher country: United States
- Subject country/region: California (United States)
- Original source: https://www.gov.ca.gov/2026/08/29/governor-newsom-statement-on-compromise-to-address-wildfire-risk-support-fire-survivors-and-create-stronger-accountability/
- MediaRelease.co URL: https://mediarelease.co/us/ca/mr00453-governor-newsom-statement-on-compromise-to-address-wildfire-risk-29082026.html

Original source: https://www.gov.ca.gov/2026/08/29/governor-newsom-statement-on-compromise-to-address-wildfire-risk-support-fire-survivors-and-create-stronger-accountability/
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