Scott-Era Blind Trust Loophole Is No More

Rick Scott and Ron DeSantis

The Florida blind trust law that allowed multi-millionaire former Gov. Rick Scott – now U.S. Sen. Rick Scott – to place investments in blind trusts that aren’t open to the public is no more.

Scott’s successor, Gov. Ron DeSantis, has signed a bill unanimously approved by both Florida chambers during the legislative session that prohibits public officials from placing assets in blind trusts while in office.

Nothing personal, DeSantis said.

House Bill HB 6041 “makes sense,” he said, adding his endorsement does not mean he believes Scott abused the blind trust law.

“I’m certainly not suggesting he did,” DeSantis said. “I have no knowledge of what he did.”

That is why Sen. Tom Lee, R-Thonotosassa, wanted to get rid of the blind trust law to ensure elected officials’ financial interests are included in “information that’s available to the voters.”

“It’s great when successful people want to come in and bring their life experience to government,” said Lee, who sponsored the Senate version of HB 6041, during a March committee hearing. “But you have to play by the same set of standards as I do.”

Scott, the multi-millionaire founder of Columbia/HCA, the nation’s largest private

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