summary
Introduced
01/06/2026
01/06/2026
In Committee
03/03/2026
03/03/2026
Crossed Over
03/06/2026
03/06/2026
Passed
03/12/2026
03/12/2026
Dead
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
An act relating to public records; reenacting and amending s. 560.129, F.S.; expanding a public records exemption for certain information obtained by the Office of Financial Regulation concerning or during the course of an investigation or examination conducted by the office, including customer and consumer complaints, to incorporate the inclusion of documents relating to virtual currency businesses and qualified payment stablecoin issuers; providing for future legislative review and repeal of the exemptions; providing a statement of public necessity; reenacting and amending s. 655.057, F.S.; expanding a public records exemption for certain information obtained by the office concerning an investigation or examination conducted by the office, including reports or papers of examinations, operations, or condition, and trade secrets to incorporate the inclusion of trust companies that are qualified payment stablecoin issuers; providing for future legislative review and repeal of the exemption; providing a statement of public necessity; reenacting and amending s. 655.50, F.S.; expanding a public records exemption for reports and records filed with the office to incorporate the inclusion of financial institutions that are trust companies that are qualified payment stablecoin issuers; providing for future legislative review and repeal of the exemption; providing a statement of public necessity; providing a contingent effective date.
AI Summary
This bill expands public records exemptions for information gathered by the Office of Financial Regulation (OFR) during investigations and examinations, particularly concerning virtual currency businesses and qualified payment stablecoin issuers, which are entities that issue digital tokens pegged to a stable value like the US dollar. Specifically, it makes customer and consumer complaints, as well as documents related to these entities, confidential until an investigation or examination is no longer active, and in some cases, even after it concludes if disclosure would jeopardize other investigations, reveal personal financial information, or expose investigative techniques. The bill also extends these protections to trust companies that are qualified payment stablecoin issuers and to reports and records filed with the OFR related to financial transactions, including those involving monetary instruments and potentially suspicious activity, to prevent tipping off potential offenders or compromising ongoing investigations. These exemptions are subject to a legislative review and repeal process, with a sunset date of October 2, 2031, unless extended by the Legislature, and the bill includes a statement of public necessity to justify these confidentiality measures, emphasizing the need to protect the integrity of investigations, the safety and soundness of the financial system, and individuals' personal financial information.
Committee Categories
Government Affairs
Sponsors (2)
Other Sponsors (2)
Government Operations Subcommittee (House), State Affairs Committee (House)
Last Action
Ordered engrossed, then enrolled (on 03/12/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...