The bill establishes a new section, 106.031, in the Florida Statutes that mandates the registration of agents and organizations associated with foreign nations. It defines key terms such as "agent of a foreign principal," "foreign principal," and "foreign-supported political organization." Agents of foreign principals and foreign-supported political organizations are required to register with the Division of Elections within ten days of becoming an agent, using a form created by the division that collects detailed information about their activities and affiliations. Additionally, these agents and organizations must update their registration information at least every 90 days.

The bill also outlines penalties for violations of the registration requirements, 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 principals. The act is set to take effect on July 1, 2025.