CFO Jimmy Patronis Statement on Implementation of HB3 and ESG Banking Rules

TALLAHASSEE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis released a statement following a meeting of the Florida Cabinet where the Office of Financial Regulation (OFR) received approval to notice proposed rulemaking related to environmental, social, and governance (ESG) policies by financial institutions, loan providers, and money transmitters.

CFO Jimmy Patronis said, “Today, Florida started the process to implement House Bill 3 and prevent financial institutions from using ESG when making lending decisions. I applaud Governor DeSantis and the legislature for fighting back against ESG and social credit scoring to ensure continued confidence in Florida’s banks and marketplace. Floridians deserve a banking system that works for them and not some corporate activists. Florida is where ESG goes to die, and if an individual or business is targeted by lenders because of their beliefs, we will have the teeth to hold them accountable.”

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About CFO Jimmy Patronis  
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).