DeSantis signs bill to outlaw social credit scores, cracking down on ESG

“We don’t want any banking or lending practices to be imposing an ideological litmus test on your ability to get a loan, a line of credit, or even a bank account,” DeSantis said.

The law said financial institutions such as banks could face administrative sanctions if they deny or cancel services based on political or religious beliefs.

With regards to government contracting, the law bans state and local governments from considering social, political, or ideological believes when evaluating potential vendors. The governor considered this “social credit scores.”