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FL S1014

Bill

Status

Introduced

12/19/2023

Primary Sponsor

Governmental Oversight and Accountability

Click for details

Origin

Senate

2024 Regular Session

AI Summary

  • Exempts from public records requirements certain information submitted to Florida's Office of Financial Regulation as part of applications to organize new state banks or state trust companies, including personal financial information, government-issued ID numbers, institutional books and records, and proposed business plans

  • Makes the personal identifying information (names, addresses, emails, phone numbers, photos, work experience, etc.) of proposed officers or directors who currently work at other financial institutions exempt from public disclosure until the application is approved and the charter is issued

  • Authorizes Office of Financial Regulation officers or employees to disclose otherwise-exempt personal identifying information during the course of an investigation or examination related to a new bank or trust company application

  • Justifies the exemptions as necessary to prevent retribution against individuals whose involvement in a proposed new bank could jeopardize their current employment at another financial institution, and to prevent competitive harm from public disclosure of business plans

  • Subjects the exemptions to the Open Government Sunset Review Act, with automatic repeal on October 2, 2029, unless reenacted by the Legislature; effective date of July 1, 2024

Legislative Description

Public Records/State Banks and State Trust Companies

Last Action

Laid on Table, refer to CS/HB 85

3/1/2024

Committee Referrals

Rules2/8/2024
Governmental Oversight and Accountability1/17/2024

Full Bill Text

No bill text available