The bill establishes a new section, 790.253, in the Florida Statutes, which pertains to firearm hold agreements. It defines key terms such as "federal firearms licensee" and "firearm hold agreement," outlining the conditions under which a federal firearms licensee can provide locked storage or take possession of a firearm from an individual owner. The bill grants immunity from civil liability to federal firearms licensees for acts or omissions related to these agreements, specifically in cases resulting in personal injury or death, including the return of firearms at the end of the agreement. However, this immunity does not apply if the actions were the result of unlawful conduct by the licensee.

Additionally, the bill specifies that the immunity does not extend to firearm transfers governed by existing laws or in cases where there is a known protection order against the individual involved. The act is set to take effect on July 1, 2026.