This bill amends various sections of Florida Statutes to create exemptions from public records requirements concerning cybersecurity events that impact financial institutions, loan originators, mortgage brokers, and money services businesses. It introduces provisions that classify information received by the Office of Financial Regulation as confidential and exempt from public disclosure until investigations are concluded or deemed inactive. The protected information includes details about cybersecurity incidents, customer personal information, and proprietary data, which could be harmful if disclosed prematurely. These exemptions will be subject to legislative review and will automatically expire on October 2, 2031, unless reenacted.

Furthermore, the bill establishes confidentiality protections for sensitive information submitted during the application process for new financial institutions. It specifies that personal financial information, government-issued identification numbers, and business plans of proposed institutions will be exempt from public records disclosure until the application is approved and a charter is issued. The bill underscores the importance of these exemptions to support the regulatory functions of the Office of Financial Regulation while safeguarding individuals involved in establishing new financial institutions from potential harm, such as retribution or jeopardized employment. Like the previous provisions, these confidentiality measures will also be subject to the Open Government Sunset Review Act and will expire on October 2, 2031, unless reviewed and reenacted.