Disney Barred from South Carolina Holdings

South Carolina State Treasurer Curtis Loftis has removed Disney from the list of approved holdings for state investment portfolios due to its involvement in a public fight with Florida Governor Ron DeSantis over a local law on sexual orientation in schools. The state treasurer's office's portfolio contains $105 million of Disney debt instruments that will mature as scheduled. Disney has been involved in a dispute with Florida's DeSantis since last year over a local law that curtailed discussion of sexual orientation in schools.