This bill establishes a new section, 106.031, in the Florida Statutes that 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" and "foreign-supported political organization," and requires these agents to register with the Division of Elections within ten days of becoming an agent. The registration must be signed under oath and include detailed information about the registrant's business activities, payments received, and any political activities conducted. Additionally, foreign-supported political organizations must register by January 1, 2026, and provide similar information regarding their operations and financial transactions.

The bill also 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, $2,000 for willful or repeated violations, and up to $10,000 for violations involving hostile foreign countries, along with potential bans from future registration. The act is set to take effect on July 1, 2025.