summary
Introduced
03/03/2023
03/03/2023
In Committee
03/06/2023
03/06/2023
Crossed Over
Passed
Dead
05/05/2023
05/05/2023
Introduced Session
2023 Regular Session
Bill Summary
Requiring that investment decisions comply with a specified requirement related to the consideration of pecuniary factors; requiring the Department of Management Services to report certain noncompliance to the Attorney General; requiring that certain noncompliance be reported to the Attorney General, who is authorized to bring certain civil or administrative actions; prohibiting bond issuers from issuing environmental, social, and governance bonds and taking other related actions; prohibiting an awarding body from requesting certain documentation or giving preference to vendors based on their social, political, or ideological interests, etc.
AI Summary
This bill requires that investment decisions by the Chief Financial Officer, citizen support organizations, direct-support organizations, and local government units be based solely on pecuniary (financial) factors and not subordinate the interests of Floridians to other objectives, such as pursuing social, political, or ideological interests. It prohibits bond issuers from issuing environmental, social, and governance (ESG) bonds and requires certain reporting and oversight. The bill also prohibits awarding bodies from considering vendors' social, political, or ideological interests when making contracting decisions, and it establishes requirements for financial institutions and money services businesses regarding provision of services.
Committee Categories
Budget and Finance
Sponsors (1)
Other Sponsors (1)
Banking and Insurance (Senate)
Last Action
Laid on Table, companion bill(s) passed, see CS/CS/HB 3 (Ch. 2023-28) (on 04/18/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2023/302 |
| Analysis - Fiscal Policy (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2023/302/Analyses/2023s00302.fp.PDF |
| Analysis - Fiscal Policy (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2023/302/Analyses/2023s00302.pre.fp.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2023/302/BillText/c1/HTML |
| Analysis - Banking and Insurance (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2023/302/Analyses/2023s00302.bi.PDF |
| https://www.flsenate.gov/Session/Bill/2023/302/Amendment/659616/HTML | |
| Analysis - Banking and Insurance (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2023/302/Analyses/2023s00302.pre.bi.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2023/302/BillText/Filed/HTML |
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