FL S1390

Creates the Office of Regulatory Relief within the Department of Economic Opportunity to administer a universal regulatory sandbox program allowing businesses to temporarily demonstrate innovative products, services, and business models with waivers or suspensions of applicable state laws or regulations.

Establishes an 11-member General Regulatory Sandbox Program Advisory Committee consisting of six business representatives, three applicable agency representatives, one state senator, and one state representative to advise on sandbox applications.

Requires applicants to submit detailed applications describing their offerings, relevant laws or regulations to be waived, consumer benefits and risks, and demonstration plans; the office must consult with applicable agencies and provide written notice within 5 business days of receipt of a complete application.

Limits sandbox participation to 12 months with possible extensions of up to 12 additional months; sandbox participants must disclose their unlicensed status to consumers, provide quarterly reports, maintain records, and report any consumer harm incidents; the office may terminate participation for noncompliance.

Exempts sandbox participants from enforcement of waived or suspended laws during the demonstration period but prohibits waivers of antifraud laws, consumer restitution rights, criminal prosecution, tax obligations, or federal requirements; consumers must be Florida residents and retain civil liability rights against participants.