Florida
Executive and Legislative Actions
- Governor Ron DeSantis Announces Initiatives to Protect Floridians from ESG Financial Fraud
- Information on Florida Legislative Proposal
- Governor Ron DeSantis Eliminates ESG Considerations from State Pension Investments
- Resolution Directing an Update to the Investment Policy Statement and Proxy Voting Policies for Fl Retirement System/Pension Plans
- Florida – HB 3
- Passed May 2023
Legal Actions
- 23 States Provided Comment to the U.S. Department of Labor in Response to the Proposed Rule “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” that would allow ERISA to make ESG considerations for investments.
- 24 States Provided Comments to the MSRB in Response to the “Environmental, Social and Governance (ESG) Practices in the Municipal Securities Market”
- 23 States Provided Comments Submitted to U.S. Department of Labor Requesting Information on Possible Agency Actions to “Protect Life Savings and Pensions from Threats of Climate Related Financial Risk.”
- 25 State AGs slam SEC proposed rule on NACs as unlawful and bad policy
- 19 State Attorneys General file complaint with the Federal Energy Regulatory Commission Challenging the Federal Government for Overstepping Authority and Forcing Costly “Green Energy” Transition on States
- 20 State Attorneys General Send Letter to Treasury Secretary Janet Yellen objecting to Biden/Harris Admin Stance on Debanking Practices
- 19 State Attorneys General file complaint with the Federal Energy Regulatory Commission demanding private asset managers be prevented from purchasing ownership stake in public utility companies
- 19 Attorneys General Send Letter to JP Morgan Chase Bank CEO Warning Against Discrimination Towards Customers for Religious or Political Affiliation
- 25 AGs Blast Biden Admin’s Electric Vehicle Demands in Letter
- 19 AGs File Complaint Against Dem States Pushing Radical Climate Agenda
- 24 State Attorneys General Send Letter to 25 Asset Managers Questioning Their ESG Support
- 22 Attorneys General Question Nasdaq’s Compliance with Anti-Discrimination Laws
Financial Actions
- FL Chief Financial Officer divests $2 Billion in State Funds from BlackRock
- 23 State Financial Officers from 22 States sent letter to SEC urging Chairman Gensler to re-open comment period on Natural Asset Companies (NACs) rule in the NYSE
- 30 state financial officers send letter to SEC urging the rejection of a rule allowing the privatization of public lands
- 18 States Send Letter to President Biden Opposing Nominee Saule Omarova to U.S. Comptroller of the Currency because of her Radical Views on Controlling the Private Banking Sector
- 21 States Send Letter to President Biden Proposing Nominee Sarah Bloom Raskin for Federal Reserve Bank Due to Her Radical Beliefs in Shaping the Financial Industry through a Political Lens
- 23 States Signed Letter to President Biden Declaring the Importance of America’s Energy Independence
- 34 Financial Officers from 27 States Send Letter to President Biden calling him out on new Federal Housing Finance Agency Policy
- CFO
- 17 States Send Letter to Morningstar raising concerns about ESG ratings negatively impacting companies with connections to Israel
- State Financial Officers Demand Answers on Proxy Votes Supporting ESG Agenda (Letter to BlackRock)
- State Financial Officers Demand Answers on Proxy Votes Supporting ESG Agenda (Letter to ISS)
- State Financial Officers Demand Answers on Proxy Votes Supporting ESG Agenda (Glass Lewis)
- 26 state financial officers send letter to the Financial Accounting Standards Board (FASB) urging the organization to not politicize accounting principles to include climate disclosure reporting.
- 21 Financial Officers from 19 states Fire off Letters Supporting Exxon’s Defense against Activist Investors