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" and "foreign-supported political organization," and outlines the requirements for registration. Agents must register with the Division of Elections within ten days of becoming an agent, and the registration must be signed under oath. The Division is tasked with creating registration forms that require detailed information about the registrant's activities, payments received, and any political activities conducted on behalf of foreign entities. Additionally, foreign-supported political organizations must register by January 1, 2026, and provide similar information.

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.