The bill CS for CS for SB 1440 amends Florida Statutes to enhance the confidentiality of information related to investigations and examinations conducted by the Office of Financial Regulation. It establishes that information obtained during cybersecurity investigations, financial exploitation investigations, and inquiries into money services businesses, including virtual currency operations, is confidential and exempt from public disclosure until the investigation is complete or inactive. This includes customer information from loan originators, mortgage brokers, and mortgage lenders, as well as sensitive data related to security breach notifications. The bill also protects trade secrets and personal financial information, ensuring that such data remains confidential unless a court determines otherwise.

Additionally, the bill expands existing public records exemptions to include applications for new state credit unions, safeguarding personal financial information and business plans submitted during the application process. It introduces a provision subjecting certain confidentiality measures to the Open Government Sunset Review Act, requiring legislative review by October 2, 2031, to determine their continued necessity. Overall, the legislation aims to balance the need for government transparency with the imperative to protect sensitive information that could compromise ongoing investigations or the safety of individuals involved.

Statutes affected:
S 1440 c1: 655.057
S 1440 c2: 517.2015, 655.057, 655.50
S 1440 e1: 517.2015, 655.057, 655.50