The bill CS/CS/HB 1087 amends various sections of Florida Statutes to enhance the confidentiality of records and information related to investigations and examinations conducted by the Office of Financial Regulation. It establishes that records pertaining to these investigations, including customer complaints and trade secrets, will be exempt from public records laws until the investigations are no longer active. Furthermore, even after an investigation concludes, certain information may remain confidential if its disclosure could jeopardize ongoing investigations or reveal sensitive personal financial details. The bill also extends these confidentiality protections to custodians of gold and silver coins and includes provisions for the confidentiality of payment instrument transaction information.

Additionally, the bill mandates that these exemptions are subject to the Open Government Sunset Review Act, requiring periodic legislative review and potential repeal by October 2, 2031, unless reenacted. The overarching goal of these measures is to protect sensitive financial information from public disclosure, thereby preventing potential harm to individuals and maintaining the integrity of financial institutions while still allowing for necessary oversight and regulation. The bill emphasizes the importance of safeguarding sensitive information related to money laundering and terrorism financing, ensuring that financial institutions adhere to confidentiality standards in line with federal regulations.

Statutes affected:
H 1087 Filed: 121.031
H 1087 c1: 121.031
H 1087 c2: 655.50
H 1087 e1: 560.4041, 655.50
H 1087 er: 560.4041, 655.50