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FL S7008
Bill
Status
Introduced
3/4/2025
Primary Sponsor
Banking and Insurance
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AI Summary
- Removes the scheduled October 2, 2025 repeal date for the public records exemption covering certain Financial Technology Sandbox application records held by the Office of Financial Regulation
- Maintains the existing confidentiality and exemption from public records requirements for three categories of sandbox application information: reasons why general law prevents an innovative product from reaching consumers, information for evaluating specified approval factors, and applicant plans to test and monitor innovative financial products or services
- Preserves the authority to release confidential and exempt information to appropriate state and federal agencies for investigation purposes
- Preserves the Office of Financial Regulation's ability to disclose a summary of the innovative financial product or service despite the exemption
- Takes effect October 1, 2025, just before the exemption's previously scheduled repeal date of October 2, 2025
Legislative Description
OGSR/Financial Technology Sandbox
Last Action
Laid on Table, companion bill(s) passed, see HB 7003 (Ch. 2025-20)
4/15/2025
Committee Referrals
Rules4/1/2025
Full Bill Text
No bill text available