More crackdowns against ESG investment policies are coming in the March legislative session in Florida, Gov. Ron DeSantis said Monday in Naples.
Gov. Ron DeSantis pledges banks can't consider 'social credit scores' when making loans to FloridiansStanding behind a podium sign that said “Not Woke Politics,” Gov. Ron DeSantis unveiled more policy actions against what he says are elitist grabs in investment practices that harm the state and everyday citizens.
In January, he announced managers for the state-backed pension fund have new rules to follow when investing money to pay retirement benefits for a million government workers, retirees, and their survivors that critics say could prove costly to taxpayers. Among the reasons: it threatens the U.S. and its standing, especially with China.
“It’s to try and impose politics on what should be economic decisions,” he said. “They are using people’s pension money and 401 money effectively to advance a political agenda and that is not an appropriate use of corporate power.” Passidomo, of Naples, said when it comes to her own stocks and investments, she did not know the investment decisions that were being made on her behalf by advisers never came to her for her opinion. That’s got to end.
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