The 2023 legislative proposal would prohibit big banks, credit card companies and money transmitters from discriminating against customers based on their religious, political, or social beliefs, which have been identified as contributing to the score. It will also prohibit State Board of Administration (SBA) fund managers from considering ESG factors when investing state money and require SBA fund managers to only consider maximizing return on investment on behalf of Florida’s retirees. The proposed bill also would amend Florida’s Deceptive and Unfair Trade Practices statute to prohibit discriminatory practices by large financial institutions based on ESG metrics. DeSantis argues the metrics are arbitrary, based on political affiliation, religious beliefs, industry engagement, and ESG benchmarks.