Florida House Passes HB 3, Continues State Fight Against Radical ESG Policies

Press Releases · Mar 24, 2023

WASHINGTON – Heritage Action, a conservative grassroots organization with two million grassroots activists, released a statement from Janae Stracke, Vice President of Field Operations, following the Florida House’s passage of HB 3, legislation that will ensure asset managers are following through with their fiduciary responsibility and protecting Floridians’ investments.

“Through efforts to divest state investments from woke asset managers and lead a coalition of states to take action against politicized financial institutions, Florida has emerged as a leader in the fight against the Left’s radical ESG policies. Today, the Florida House added to this work by passing HB 3, legislation that would protect the financial interests and values of citizens by ensuring asset managers prioritize financial criteria over political preferences when investing state funds.

Heritage Action commends Governor DeSantis for leading on the ESG issue and making HB 3 a top legislative priority. Thanks to the work of Governor DeSantis, Florida Chief Financial Officer Jimmy Patronis, Attorney General Ashley Moody, and House Speaker Paul Renner and Rep. Bob Rommel in the Florida Legislature, the Sunshine State will continue to be a model for states looking to protect their investments and industries.