Jul 19, 03:08 PM

U.S. Treasury Warns Florida's Anti-Woke Banking Law Signed by DeSantis Poses National Security Risk

The U.S. Treasury Department has issued a warning that Florida's new anti-woke banking law, signed by Governor Ron DeSantis in May, poses a national security risk. The law restricts banks from considering environmental, social, and governance (ESG) factors when doing business, which the Treasury deems an 'unsafe and unsound practice.' According to the Treasury, such restrictions could undermine federal efforts to combat money laundering and terrorism financing. The Biden administration emphasizes that these laws could hinder the flow of money to criminals and terrorists, thereby compromising national security.

#Florida #Ron DeSantis #Treasury #Biden

Written with ChatGPT (GPT-4o).