The bill amends section 772.13 of the Florida Statutes, which pertains to civil remedies for terrorism. It introduces additional requirements for postjudgment execution proceedings aimed at enforcing judgments related to terrorism. Key provisions include the stipulation that there is no right to a jury trial in these proceedings, and it prohibits defendants who evade jurisdiction from utilizing state court resources to contest postjudgment collection efforts.

Furthermore, the bill expands the scope of creditor processes, allowing them to be served anywhere in the United States and applying to intangible assets regardless of their location. It also clarifies that a creditor can reach a debtor's interest in a security entitlement through legal processes, even if the securities intermediary is a foreign entity. Additionally, it addresses the handling of blocked funds in cases involving U.S. sanctions, stating that such funds are deemed owned by the relevant agency or instrumentality and are subject to execution and garnishment. The act is set to take effect on July 1, 2025.

Statutes affected:
H 265 Filed: 772.13