California passes bill that caps oil industry profits
The law signed by California Governor Gavin Newsom gives regulators the power to penalize oil companies for making too much money, the first of its kind in the country.
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### Instruction: California passes bill that caps oil industry profits

### Response: The law signed by California Governor Gavin Newsom gives regulators the power to penalize oil companies for making too much money, the first of its kind in the country.