The proposed bill establishes a new section, 106.031, in the Florida Statutes, which mandates the registration of agents and organizations associated with foreign countries of concern. It defines key terms such as "agent of a foreign country of concern," "foreign-supported political organization," and outlines the registration requirements for both individuals and organizations. Agents must register with the Division of Elections within ten days of becoming an agent, and their registration must be signed under oath. The bill also requires the creation of specific registration forms that collect detailed information about the registrant's activities, payments received, and affiliations with foreign countries of concern.

Additionally, foreign-supported political organizations are required to register by January 1, 2026, and must provide similar information regarding their operations and financial transactions. The bill stipulates that both agents and organizations must update their registration information at least every 90 days. Violations of these registration requirements can result in penalties, including fines of up to $500 for general violations and up to $2,000 for willful or repeated violations. The act is set to take effect on July 1, 2025.