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Newsom acknowledged the compromise on the legislative package Saturday, calling it progress while making clear he does not believe it goes far enough. "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," Newsom said in a statement released by his office. It also addresses utility executive compensation, prohibiting certain bonuses for utility CEOs and senior executives when their company is responsible for a wildfire that damages or destroys at least 500 structures.

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