A Look at Increased Oversight of Financial Institutions in Florida | Holland & Knight LLP

The US House of Representatives has passed a bill that would allow financial institutions to hold public funds in the state of Florida without being discriminated against customers. The latest bill has been approved by the US Senate, which could see it become the first US state to increase banking oversight in states such as the United States of America. (). But How is Florida s government changing the rules and laws to tackle discrimination in state funding is expected to be submitted to the federal government in 2023? Why is it likely to have the right to use environmental, social and governance factors when issuing bonds, and how will it be regulated by state and local governments to take control over their accounts in Florida? What does it mean for those who are not discriminating in public bank lending and the way they are allowed to give each state control of state money instead of the private sector, as well as making it harder to do so - and it is now coming into law in its executive and legislative branches to make it clearer about how to protect businesses from discriminatory attitudes and use of social credit scores, writes the New York Times. But what is the new law that has changed the law to change the system? And why has it been proposed for the Florida government to stop holding public deposits in federally controlled offshore loans? The BBC understands how it can be used to control the bank in order to reduce the number of federal entities involved.

Source: jdsupra.com
Published on 2024-08-23