BOCA RATON, Fla. – Today, the Times/Herald mischaracterized a policy proposal from Governor Scott that prevents the State Board of Administration from doing business with the Maduro regime.

 

The Times/Herald refuses to update and warrants a closer look at the facts:

 

Times/Herald:

“Gov. Scott backs off boycott of companies doing business in Venezuela”

 

Fact:

The Governor’s proposal is exactly what he laid out in his initial July 5th announcement. Any assertion that the Governor walked back his proposal in any way is absolutely incorrect.

 

Times/Herald:

“Gov. Rick Scott will ask the Florida Cabinet next month to prohibit the state’s investment managers from doing something they already do not do: invest in companies or securities owned or controlled by the Venezuelan government.”

 

Fact:

There is currently no law or prohibition on the SBA doing business with the Maduro Regime. The Governor’s proposal lays out the best path forward to ensure that the State Board of Administration is prohibited from making any transaction that would benefit the Maduro Regime now and in the future.

 

Times/Herald:

“The proposed resolution released by the governor’s office on Thursday stops short of advancing a bolder threat Scott had been making at public appearances as recently as last week when he vowed to boycott companies that “do business” with the Nicolás Maduro regime.”

 

Fact:

On July 5th, Governor Scott said, “During the next meeting of the Florida Cabinet in August, I will bring forward a proposal that will prohibit the State of Florida from doing business with any organization that supports the oppressive Maduro dictatorship.”

 

Here’s the Governor’s original statement announcing this plan LINK.

 

Times/Herald

“Instead, the vote on the resolution — scheduled for the Aug. 16 meeting of the State Board of Administration — will be a mostly-symbolic gesture aimed at sending the message that Florida will not tolerate any business sympathetic to the Maduro regime going forward.”

 

Fact:

This proposal isn’t “mostly symbolic.” There is currently no law or prohibition on the SBA doing business with the Maduro Regime. This proposal strictly prohibits the State Board of Administration from doing business with the Maduro regime in Venezuela – a major policy announcement that secures the state’s current position until the SBA dissolves this policy.

 

Times/Herald

“If he had followed through on his threatened boycott of companies that do business with the Maduro region, it would have affected companies like Goldman Sachs Asset Management, which purchased $2.8 billion in bonds in May from Venezuela’s state-run oil company, and companies like Delta Airlines and McDonald’s restaurants which still operate in the country.”

 

Fact:

This is not accurate. The Governor’s proposal is aimed squarely at the Maduro regime. Targeting businesses that provide goods and services to people in Venezuela have never been part of this policy.

 

 

###

 

Comments are closed.