The Florida Office of Financial Regulation’s (OFR) decision to expand HB 989 through a new rule is bad policy that undermines Florida legislators and President Trump. The OFR should reconsider this rule’s implementation, and the Florida State Legislature should assess and address the implications of this expansion that led to this government intrusion.
Florida has always stood for freedom, opportunity, and a strong pro-business climate. Those values are at risk.
This significant expansion of state law – without the support of the State Legislature:
President Trump has championed pro-growth policies and fought against government intrusion, issuing an executive order to end government-driven debanking and restore fairness and accountability in the financial system. These are the right solutions for fixing the regulatory process, not expanding government power and piling on additional regulations that slow down business and burden our economy. We need to keep Florida open for growth and opportunity.
Free-market Florida risks choking on red tape from misguided ‘debanking’ expansion.
Voters support policies that are driven by objective, consistent standards and that maintain private businesses’ ability to make their own decisions.
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