Fla. Gov. Details Plan To Bar State Investment In Venezuela

Law360, Miami (July 28, 2017, 7:30 PM EDT) -- Florida Gov. Rick Scott announced details Thursday of a proposal to ensure that the state's investments are not supporting the oppressive Venezuelan regime of Nicolas Maduro — and also took issue with the suggestion in a news article that he had backed off pledges for stronger action.

Scott said he will recommend at the Florida Cabinet's Aug. 16 meeting that the trustees of the State Board of Administration pass a resolution prohibiting the state's investment managers from investing in securities or businesses controlled by the Venezuelan government.

“The atrocities happening at the hands of the brutal and oppressive Maduro regime are...

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