What are your thoughts on recent legislation suggested by Gov. DeSantis regarding discrimination law and ESG investing?


Note: website has an annoying auto-playing video.

TAMPA, Fla. — Gov. Ron DeSantis proposed legislation that would make it illegal for companies to discriminate against their customers for their religious, political and social beliefs.

PayPal, a company that could be threatened under this proposed legislation, last year blocked a Christian crowdfunding site that helped raise money for people who attended the Jan. 6, 2021, attack on the U.S. Capitol.

GoFundMe earlier this year also paused donations to truck drivers protesting against vaccine mandates in Canada.

Regarding ESG:

By investing in ESG — or environmental, social and governance — factors, people are placing their money into companies that score highly on environmental and societal responsibility scales, according to Forbes. For example, a company that may rank at the top of the environmental factor may be a leader in sustainability initiatives.

In a handout distributed just prior to DeSantis’ news conference, the state argues ESG standards disadvantage “small, medium, and start-up businesses which cannot cope with increased costs to compete with woke mega corporations, and subverting the will of their shareholders.”

Although the text of the proposed legislation was not available, the state handout says not only would financial companies be barred from discriminating against customers for their beliefs, the State Board of Administration fund managers would not be allowed to consider ESG factors when investing state money.

Questions to consider:

  1. How do you feel about these suggestions? Would you like similar laws passed in your state and/or nationwide?

  2. Does the anti-discrimination aspect of this conflict with your views on the government’s role in the economy? How does it compare to your position on existing anti-discrimination laws, such as for race, sex, and religion?

submitted by /u/SincereDiscussion
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