NAPLES, Fla. — On Feb 13, 2023, Governor Ron Desantis announced a plan to control how your tax money is invested and how financial institutions lend money in the state of Florida.
DeSantis was joined by Senate President Kathleen Passidomo and House Speaker Paul Renner at SouthWestern State Colleg in Naples to discuss two significant changes.
First, they proposed a plan that includes preventing local and state governments from investing in index funds made up of entities with certain environmental, social, and political viewpoints.
In the investment world, these are called ESG investments which stand for Environmental, Social, and Governance.
The proposal also aims to ban the use of so-called " social credit scores." These are banking and lending practices that take things into account such as race. Lawmakers say these lending decisions discriminate against Floridians as a whole.
The proposal is one of several up for consideration during the legislative session later this spring.
WATCH NOW | Governor Ron DeSantis
Gov. DeSantis’ Proposal to End ESG Woke Banking https://t.co/1nOkGrrtxk
— Ron DeSantis (@GovRonDeSantis) February 13, 2023
