This bill amends section 559.952 of the Florida Statutes, which pertains to the Financial Technology Sandbox and the confidentiality of certain records held by the Office of Financial Regulation. Specifically, it removes the scheduled repeal of the exemption that allows certain information related to Financial Technology Sandbox applications to remain confidential and exempt from public records requirements. The information that remains confidential includes reasons why existing laws prevent the availability of innovative financial products or services, as well as details necessary for evaluating the applicant's testing and monitoring plans.

By deleting the provision that subjected this confidentiality to the Open Government Sunset Review Act, the bill ensures that the exemption will not automatically expire on October 2, 2025, unless the Legislature decides to review and reenact it. The act is set to take effect on October 1, 2025, thereby providing continued protection for sensitive information related to financial innovations in Florida.

Statutes affected:
S 7008 Filed: 559.952