{"id":1923023,"date":"2023-05-02T22:55:29","date_gmt":"2023-05-03T02:55:29","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-signs-bill-curbing-financial-use-of-woke-investment-principles\/"},"modified":"2023-05-02T22:58:14","modified_gmt":"2023-05-03T02:58:14","slug":"desantis-signs-bill-curbing-financial-use-of-woke-investment-principles","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-signs-bill-curbing-financial-use-of-woke-investment-principles\/","title":{"rendered":"DeSantis signs bill limiting &#8216;woke&#8217; investment practices."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdesantis-signs-bill-curbing-financial-use-of-woke-investment-principles%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1923023&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"post_content\">\n<h2>Florida Governor Signs Law Curbing Financial Companies\u2019 Use of ESG Principles<\/h2>\n<div class=\"aplayer_app\" data-source=\"https:\/\/vs1.youmaker.com\/assets\/2023\/0502\/abb4fdf1-d970-4e84-8378-705b3da9566b\/audio.mp3?length=5658093&#038;duration=471\"><\/div>\n<p>Florida Governor Ron DeSantis has signed into law a bill that curbs financial companies\u2019 use of ESG principles to govern investment or lending decisions in the state. This move comes as ESG\u2014environmental, social, and governmental\u2014has become a backdoor way for companies to impose woke values on communities that would never approve such things at the ballot box.<\/p>\n<figure id=\"attachment_4988088\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/01\/16\/Davos_Blackrock-1200x800.jpg\"><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a> Young Socialists Switzerland (JUSO) activists take part in a protest against U.S. investment company BlackRock calling for a climate tax on the rich, on the eve of the WEF annual meeting in Davos, on Jan. 15, 2022. (Fabrice Coffrini\/AFP via Getty Images)<\/figure>\n<h3>Protecting Floridians<\/h3>\n<p>The governor said the state had already moved last year to prevent ESG criteria from being used to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-signs-bill-curbing-financial-use-of-woke-investment-principles\/\" title=\"DeSantis signs bill limiting 'woke' investment practices.\">invest public employees\u2019 pension funds<\/a>. He said the state has already pulled $2 billion from giant asset management firm BlackRock. This year\u2019s bill expands on that.<\/p>\n<ul>\n<li>It prohibits financial institutions from discriminating against customers for their religious, political, or social beliefs\u2014like owning a firearm, securing the border, or increasing the nation\u2019s energy independence.<\/li>\n<li>It bans financial businesses from considering \u201csocial credit scores\u201d in lending and banking decisions to prevent Floridians from <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ron-desantis-launches-alliance-with-18-other-states-to-fight-against-bidens-woke-esg-agenda\/\" title=\"Ron DeSantis Launches Alliance With 18 Other States To Fight Against Biden\u2019s Woke ESG Agenda\">obtaining financial services<\/a> like loans, lines of credit, and bank accounts.<\/li>\n<li>It blocks the use of ESG in all investment decisions by state and local governments, ensuring that only financial factors are considered to maximize the return on investment. That protects retirees and taxpayers alike.<\/li>\n<li>State and local governments are banned from using ESG in their procurement and contracting processes and when issuing bonds.<\/li>\n<li>It directs the attorney general and commissioner of financial regulation to enforce these to the fullest extent of the law.<\/li>\n<\/ul>\n<h3>Exercising Power Over Society<\/h3>\n<p>\u201cESG is basically just window dressing for doing whatever these people want us to do,\u201d DeSantis said. \u201cThey go to a place like Davos and say you\u2019ve got to do all this. And then they try to impose that agenda. So it\u2019s really an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ron-desantis-wokeness-is-cultural-marxism-and-critical-race-theory-is-elite-driven-phenomenon\/\" title=\"Ron DeSantis: Wokeness Is 'Cultural Marxism' and Critical Race Theory Is 'Elite-Driven Phenomenon'\">elite-driven phenomenon<\/a>. The ESG is just a way to dress it up.\u201d<\/p>\n<figure id=\"attachment_5218715\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/04\/25\/id5218715-GettyImages-1252134375-1200x800.jpg\"><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a> Florida Governor Ron DeSantis (R) and his wife Casey (C) are escorted to their seats for a meeting with the Japanese foreign minister at the Iikura Guest House in Tokyo on April 24, 2023. (Eugene Hoshiko\/AFP via Getty Images)<\/figure>\n<p>\u201cAt the end of the day, they\u2019re trying to exercise power over our society. They\u2019re trying to change society. They\u2019re trying to change policy when it comes to things that they don\u2019t like.\u201d<\/p>\n<h3>Protecting Hardworking Pensioners<\/h3>\n<p>DeSantis said Florida banks enjoy a special status as the only place where a state with $40 billion in general revenues deposits its money, as opposed to credit unions and other financial institutions. He said they must pay attention to the new laws to keep that business.<\/p>\n<p>\u201cWe don\u2019t want any banking or lending practices to be imposing an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-producing-oppo-research-for-liz-cheney-adam-kinzinger-to-attack-republican-leaders-gop-source\/\" title=\"Pelosi Producing Oppo Research For Liz Cheney, Adam Kinzinger To Attack Republican Leaders: GOP Source\">ideological litmus test<\/a> on your ability to get a loan, a line of credit, or even a bank account,\u201d the governor said.<\/p>\n<p>He added that Florida businesses should not be using social credit scores, as is done in China. DeSantis said he favors banning the use of a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-inches-closer-to-developing-central-bank-digital-currency\/\" title=\"Fed Inches Closer to Developing Central Bank Digital Currency\">central bank digital currency<\/a>\u2014a type of crypto issued by the federal government\u2014because he fears the federal government will impose social credit scores as part of its use. The Florida Legislature passed a ban on central bank digital currency in the state.<\/p>\n<h3>Conclusion<\/h3>\n<p>ESG principles have been used to punish businesses like irrigation or traditional energy production, he said. \u201cIf you have a gun store or you\u2019re a gun owner, they don\u2019t like that. There\u2019s certain things they don\u2019t like, and people feel the brunt of that.\u201d<\/p>\n<p>Congress in March passed a measure overturning a pro-ESG Labor Department rule, but President Joe Biden vetoed it, DeSantis said. \u201cSo Biden stood with asset managers like BlackRock over hardworking pensioners, and he\u2019s pursuing ideology over the best interest of their retirement. And that is wrong, and that\u2019s not gonna fly here in the state of Florida,\u201d DeSantis said.<\/p>\n<h3>Problems Opening Bank Account<\/h3>\n<p>Laura DiBenedetto, a Jacksonville area ammunition manufacturer and retailer, talked about the difficulties she faced in opening a bank account due to her business being in the firearms industry. She praised the new law, saying it would help businesses like hers.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Florida Gov. Ron DeSantis signed into law a bill curbing financial companies\u2019 use of ESG principles to govern investment or lending decisions in the state. According to DeSantis ESG\u2014environmental, social, and governmental\u2014has become a backdoor way for companies to impose woke values on communities that would never approve such things at the ballot box. At<\/p>\n","protected":false},"author":1117,"featured_media":1923024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[4980,9177,6288,4064,3785,5558],"class_list":["post-1923023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-desantis","tag-investment","tag-limiting","tag-practices","tag-signs","tag-woke"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1923023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1117"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1923023"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1923023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1923024"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1923023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1923023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1923023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}