The bill mandates the Department of Law Enforcement to conduct a feasibility study for the establishment of a statewide pawn data database. It defines key terms such as "Department" and "pawn data," which includes information on transactions from secondhand dealers and recyclers, including pawn shops. The study must ensure that the database allows real-time access, updates, and sharing of pawn data among law enforcement agencies across all counties in Florida, be provided free of charge, and be interoperable with existing law enforcement databases while complying with privacy and security laws.

The results of the feasibility study are to be reported to the President of the Senate and the Speaker of the House of Representatives by January 1, 2026. Additionally, the section detailing the feasibility study will be repealed upon submission of the report. The act is set to take effect on July 1, 2025.