HB 989: Florida Creates Complaint Process to Report Financial Institutions that Consider ESG Interests in Investments
Summary
HB 989 was adopted in May 2024 and supplements HB 3, which is a 2023 bill that prohibits discrimination by state or federal financial institutions in the provision of services. HB 989 creates a process for customers to complain to the Florida Office of Financial Regulation (OFR) if the customer suspects such discrimination. The OFR must inform the financial institution of the complaint against it. The institution then may file a response report with information for the OFR to consider in its investigation.
Impacted Sectors
Additional Information
© 2025 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.