Bill > S0570

This bill establishes the Task Force on Payment Scams, which will operate under the Department of Financial Services, with the department providing administrative and staff support. A "payment" is defined as any electronic method of transferring funds between individuals through a platform or intermediary, and the "task force" refers to this newly created entity. The Chief Financial Officer is required to set up this task force by October 1, 2026, with the primary goal of recognizing and preventing payment scams by examining scam trends, identifying prevention methods, and making recommendations. The task force will be chaired by the Chief Financial Officer or their designee and will include a diverse membership from various state agencies, financial institutions, credit unions, digital payment networks, community banks, consumer groups, and technology industry representatives, as well as individuals representing scam victims. While members will not be compensated, they will be reimbursed for travel and per diem expenses. The task force is mandated to meet at least three times annually and will evaluate best practices for combating scammer tactics, assess how other jurisdictions handle payment scams, review current scam methods, develop consumer education strategies, coordinate law enforcement efforts, consult with relevant agencies, and determine if new legislation is needed. The task force must submit an initial report detailing its findings and recommendations within one year of its establishment and will provide annual updates thereafter. This section of law is scheduled for repeal on October 2, 2029, unless the Legislature reenacts it, and the bill will become effective on July 1, 2026.

Budget and Finance

Banking and Insurance (Senate)

https://www.flsenate.gov/Session/Bill/2026/570