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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRon DeSantis signs anti-woke law to stop banks from freezing Floridians' bank accounts based on their politics
https://www.yahoo.com/finance/news/ron-desantis-signs-anti-woke-100600372.htmlThe Treasury Department has taken aim at Floridas new anti-woke banking law warning it could open the floodgates for criminals to use and manipulate the U.S. financial system.
The new state law (HB 989), signed by Florida Gov. Ron DeSantis in May, declares it would be unsafe and unsound for banks to consider non-financial factors like politics, religion or environmental, social and corporate-governance (ESG) when doing business.
The new state law (HB 989), signed by Florida Gov. Ron DeSantis in May, declares it would be unsafe and unsound for banks to consider non-financial factors like politics, religion or environmental, social and corporate-governance (ESG) when doing business.
DeSantis goal with HB 989 was to strengthen Floridas protections for consumers
from being forced to adopt ideologies or reflect a preferred political behavior.
Per an Associated Press report, DeSantis said the law will protect the access that conservative groups and the firearms industry have to the financial sector and stop them from having their accounts frozen or closed.
The law makes it illegal for banks to deny or cancel, suspend, or terminate its services to a person, or to otherwise discriminate against a person in making available such services on the basis of several factors, including (but not limited to):
The persons political opinions, speech, or affiliations
Per an Associated Press report, DeSantis said the law will protect the access that conservative groups and the firearms industry have to the financial sector and stop them from having their accounts frozen or closed.
The law makes it illegal for banks to deny or cancel, suspend, or terminate its services to a person, or to otherwise discriminate against a person in making available such services on the basis of several factors, including (but not limited to):
The persons political opinions, speech, or affiliations
Any factor if it is not a quantitative, impartial, and risk-based standard, including any such factor related to the persons business sector
The persons engagement in the lawful manufacture, distribution, sale, purchase, or use of firearms or ammunition
The persons engagement in the exploration, production, utilization, transportation, sale, or manufacture of fossil fuel-based energy, timber, mining, or agriculture
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Ron DeSantis signs anti-woke law to stop banks from freezing Floridians' bank accounts based on their politics (Original Post)
In It to Win It
Aug 2024
OP
Metaphorical
(2,357 posts)1. Hey, Trump needs to be able to
cash those Russian checks somehow!
DJ Synikus Makisimus
(812 posts)2. Does that mean the Satanic Temple's funds are safe?
Asking for a friend.