Bankers say proposal on ‘environmental, social and governance’ too broad, amendments needed

LINCOLN — A proposal aimed at preventing a Nebraska State Treasurer from using state funds for “social and political” goals ran into complaints Monday that it was too vague and meddled too much in banking decisions.

Robert Hallstrom of the Nebraska Bankers Association said that banks have traditionally been free to “lend to, invest in and generally do business with any activity or entity that is legal.”