Ron DeSantis signs anti-woke law to stop banks from freezing Floridians' bank accounts based on their politics

[In It to Win It]

https://www.yahoo.com/finance/news/ron-desantis-signs-anti-woke-100600372.html

The Treasury Department has taken aim at Florida’s new anti-woke banking law — warning it could open the floodgates for criminals to use and manipulate the U.S. financial system.

The new state law (HB 989), signed by Florida Gov. Ron DeSantis in May, declares it would be “unsafe and unsound” for banks to consider non-financial factors like politics, religion or environmental, social and corporate-governance (ESG) when doing business.

DeSantis’ goal with HB 989 was to “strengthen Florida’s protections for consumers … from being forced to adopt ideologies or reflect a preferred political behavior.”

Per an Associated Press report, DeSantis said the law will protect the access that conservative groups and the firearms industry have to the financial sector — and stop them from having their accounts frozen or closed.

The law makes it illegal for banks to “deny or cancel, suspend, or terminate its services to a person, or to otherwise discriminate against a person in making available such services” on the basis of several factors, including (but not limited to):

The person’s political opinions, speech, or affiliations

Any factor if it is not a quantitative, impartial, and risk-based standard, including any such factor related to the person’s business sector

The person’s engagement in the lawful manufacture, distribution, sale, purchase, or use of firearms or ammunition

The person’s engagement in the exploration, production, utilization, transportation, sale, or manufacture of fossil fuel-based energy, timber, mining, or agriculture

[duncang]

1. So he doesn't want banks to discriminate

But it’s okay for him to penalize Disney because they upset him. Got it.