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Governor and Cabinet approve scaled back plan on Venezuela investments after Goldman Sachs' visit

Nicolas MaduroGov. Rick Scott and the Florida Cabinet unanimously voted Wednesday to continue to refrain from allowing state investment managers to use Florida funds to invest in companies controlled by the Nicolás Maduro regime or companies that violate federal law by doing business in Venezuela.

The state currently has no direct investment with the government of Venezuela and the proposal will continue that, but the resolution falls short of a plan initially pitched by Scott that would have required the state to divest its assets in companies that do business with the Maduro regime, including Goldman Sachs.

Instead, the mostly symbolic measure is designed to send a message to the emerging dictatorship that Florida will not sanction the regime’s brutality. Story here.