DeSantis Signs Bill Banning Supposed “Woke” Banking

Florida Politics reports:

In Northeast Florida, Gov. Ron DeSantis put his pen to paper against so-called “woke” banking. “It’s not your agenda,” DeSantis said. “It’s an elite-imposed agenda.” At JAXPORT, the Florida Governor signed what he called the “strongest protections” of any state against the ESG agenda, saying “today in Florida it will stop.”

“Last year we said we were going to take action against something called ESG. It stands for something called environmental and social governance. But what it really is is an attempt by elites to impose ideology through business institutions, financial institutions, and our economy writ large,” DeSantis said.

Rep. Bob Rommel’s bill (HB 3) aims to “protect Florida retirement accounts and state investments from financial discrimination by eliminating the consideration of environmental and social governance investment strategies” and “protect Floridians from being denied loans based on their political or social beliefs.”

Read the full article.

‘In Florida, that’s not going to fly.’@GovRonDeSantis signs anti-ESG legislation, billed as the ‘strongest protections’ in the country

Reporting by @AGGancarskihttps://t.co/NFrURnSVp9#FlaPol pic.twitter.com/xCFnGfceuP

— Phil Ammann (@PhilAmmann) May 2, 2023