“Florida remains a safe haven for freedom, where citizens can rest assured they will not face discrimination from our financial institutions.”
According to the CFO’s office, the banks’ pledge dates back to last year, when Governor Ron DeSantis signed a bill regarding financial institutions seeking to become qualified public depositories, or QPDs, in the state.
QPDs are banks that can legally accept funds transferred by agencies under state or local governments.

House Bill 3, which DeSantis signed last year, says a bank can be disqualified as a QPD if the bank engages in “unsafe and unfair practices” that include excluding customers because of politics, religion or other factors. This includes canceling services based on personal beliefs.
DeSantis’ office noted at the time that Florida was leading a group of about 20 states that had allied to oppose the “proliferation” of ESG policies.

“In Florida and across the country, we have heard from law-abiding small business owners and consumers who have been denied access to financial services because of where they work or whom they trust,” DeSantis said. “

“Through this legislation, Florida will continue to lead the nation against big banks and corporate actors who have colluded to promote ideologies in the global marketplace without regard for the financial interests of the beneficiaries.”

Patronis’ office said QPD must certify that they are in full compliance with the requirements of the law. This is big business for such banks.

A state database identifying current QPDs reports that 117 banks hold about $34 billion of public money in assets.

The list ranges from small local banks like Bank of Belle Glade to Wall Street’s largest banks like Bank of America, Citibank and Wells Fargo.
“With the continued growth of environmental and social governance (ESG) intrusions into our economic institutions, I am extremely pleased to see the positive impacts of HB 3,” Patronis said in a statement.

SUBSCRIBE TO ADAM POST SPEAKS:
https://www.youtube.com/c/AdamPostSpeaks

Follow ADAM POST on Twitter:
https://twitter.com/comicswelove

ADAM POST email:
adampostmediagroup@gmail.com

ADAM POST twitter:
@comicswelove

#ESG #woke #blackrock