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Gov. Rick Scott
Press Release
Gov. Scott: New Proposal Will Prohibit Florida from Doing Business with Maduro Regime
Florida Stands with the Venezuelan People Against Upcoming Maduro Controlled Constituent Assembly
ORLANDO, Fla. – Today, Governor Rick Scott released details regarding his proposal to the Trustees of the Florida State Board of Administration (SBA) that will prohibit the State of Florida from doing business with any organization that supports the Maduro regime. The Governor reiterated that he stands against Nicolas Maduro’s upcoming plans to rewrite the Venezuelan constitution to further empower his dictatorship through a Constituent Assembly on July 30th.
Governor Scott said, “The atrocities happening at the hands of the brutal and oppressive Maduro regime are unspeakable. I have heard firsthand from Floridians about the need for change in Venezuela. Prohibiting the Florida State Board of Administration from making investments that support Nicolas Maduro is a big step in the right direction, and we must continue to find ways to bring freedom and democracy to Venezuela. I am encouraged by the Trump administration’s sanctions against the Maduro regime this week. President Trump’s swift actions on this issue are welcomed and I look forward to working with our federal and state partners to support democracy in Venezuela.
“Nicolas Maduro’s attempt to rewrite Venezuela’s constitution and take power away from his citizens is reprehensible. This brash attempt, which completely disregards the will of the people, will not be tolerated. Floridians stand with our fellow Americans for freedom and democracy in Venezuela and all Latin America.
“I look forward to working with the SBA on this important proposal and I will work with the Florida Legislature during the next legislative session to take more action against Maduro and his gang of thugs.”
Governor Scott’s proposal that will be considered by the trustees of the State Board of Administration on August 16th prohibits the SBA from doing business with Venezuela in the following ways:
- The SBA will be prohibited from investing in any securities issued by the Government of Venezuela.
- The SBA will be prohibited from investing in any company that is majority owned by the Government of Venezuela.
- The SBA will be completely prohibited from participating in any vote or resolution that advocates or supports the Maduro regime.
- The SBA will be completely prohibited from doing business with any financial institution or U.S. company which directly, or through a subsidiary, and in violation of federal law, makes any loan, extends credit of any kind or character, advances funds in any manner, or purchases or trades any goods or services in or with the Government of Venezuela.
