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Jay-Z, Meek Mill, Michael Rubin

REFORM Alliance -- the criminal justice reform org launched by Jay-Z, Meek Mill, Michael Rubin and others -- is celebrating its first major victory with CA Gov. Gavin Newsom signing a new bill into law.

Newsom just put pen to paper on AB 1950 ... legislation which will drastically reshape Cali's probation system and give hundreds of thousands of Californians a better shot at exiting the criminal justice system for good.

Specifically, the new law limits adult probation sentences to a maximum of 1 year for misdemeanor, and 2 years for felony offenses.