Florida Legislature Fights Back Against the Radical ESG Movement and Passes HB 3

Press Releases · Apr 19, 2023

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

“With the ESG movement’s growing influence that forces companies to become more progressive, it’s paramount that states stand up and protect Americans’ pensions and retirement funds from being weaponized against their interests and values. The Florida Legislature is adding to the nationwide momentum to defeat the Left’s ESG agenda through HB 3, legislation that ensures asset managers are upholding their fiduciary duties by requiring asset managers make investment decisions based solely on financial factors.

Heritage Action commends the Florida Legislature for passing HB 3 and leading the charge to protect the Sunshine State from the harms of ESG. We look forward to seeing this legislation arriving on Governor DeSantis’s desk and working alongside grassroots Americans to combat ESG as dozens of other states take similar action across the country.”