Rick Scott

Florida May Ban Future Investments With Venezuela

Florida is taking official steps to protest the current government of Venezuela, although the state's move could be considered more symbolic than substantive.

Gov. Rick Scott and the two other trustees who help him oversee Florida's roughly $150 billion pension plan voted Tuesday to bar the state from making investments that could support the regime of President Nicolas Maduro.

Scott's proposal will not have much of an immediate impact. Florida's pension plan doesn't currently invest in any companies or securities that are controlled or owned by Venezuela.

The Scott administration has defended the policy by saying there was nothing in place that prevents future investments.

Some Democrats have been critical of Scott's approach and have said Scott should go further and also take aim at companies doing business with Venezuela.

Copyright AP - Associated Press
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