| 15 | 15 | | An act relating to a review under the Open Government 2 |
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| 16 | 16 | | Sunset Review Act; amending s. 559.952, F.S., which 3 |
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| 17 | 17 | | provides an exemption from public record requirements 4 |
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| 18 | 18 | | for certain information held by the Office of 5 |
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| 19 | 19 | | Financial Regulation in Financial Technology Sandbox 6 |
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| 20 | 20 | | applications; removing the scheduled repeal of the 7 |
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| 21 | 21 | | exemption; providing an effective date. 8 |
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| 22 | 22 | | 9 |
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| 23 | 23 | | Be It Enacted by the Legislature of the State of Florida: 10 |
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| 24 | 24 | | 11 |
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| 25 | 25 | | Section 1. Paragraph (h) of subsection (5) of section 12 |
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| 26 | 26 | | 559.952, Florida Statutes, is amended to read: 13 |
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| 27 | 27 | | 559.952 Financial Technology Sandbox. — 14 |
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| 28 | 28 | | (5) FINANCIAL TECHNOLOGY SANDBOX APPLICATION; STANDARDS 15 |
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| 29 | 29 | | FOR APPROVAL.— 16 |
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| 30 | 30 | | (h)1. The following information provi ded to and held by 17 |
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| 31 | 31 | | the office in a Financial Technology Sandbox application under 18 |
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| 32 | 32 | | this subsection is confidential and exempt from s. 119.07(1) and 19 |
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| 33 | 33 | | s. 24(a), Art. I of the State Constitution: 20 |
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| 34 | 34 | | 1.a. The reasons why a general law enumerated in paragraph 21 |
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| 35 | 35 | | (4)(a) prevents the innovative financial product or service from 22 |
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| 36 | 36 | | being made available to consumers. 23 |
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| 37 | 37 | | 2.b. The information provided for evaluation of the 24 |
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| 38 | 38 | | factors specified in subparagraphs (c)1. and 3. 25 |
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| 46 | 46 | | Page 2 of 2 |
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| 47 | 47 | | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 48 | 48 | | |
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| 49 | 49 | | |
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| 50 | 50 | | |
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| 51 | 51 | | 3.c. The information provided for evaluation of whether 26 |
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| 52 | 52 | | the applicant has a sufficient plan to test, monitor, and assess 27 |
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| 53 | 53 | | the innovative financial product or service, under subparagraph 28 |
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| 54 | 54 | | (c)4. 29 |
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| 55 | 55 | | 30 |
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| 56 | 56 | | However, the confidential and exempt information may be released 31 |
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| 57 | 57 | | to appropriate state and federal agencies for the purpo ses of 32 |
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| 58 | 58 | | investigation. Nothing in this paragraph shall be construed to 33 |
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| 59 | 59 | | prevent the office from disclosing a summary of the innovative 34 |
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| 60 | 60 | | financial product or service. 35 |
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| 61 | 61 | | 2. This paragraph is subject to the Open Government Sunset 36 |
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| 62 | 62 | | Review Act in accordance with s. 119.15 and shall stand repealed 37 |
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| 63 | 63 | | on October 2, 2025, unless reviewed and saved from repeal 38 |
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| 64 | 64 | | through reenactment by the Legislature. 39 |
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| 65 | 65 | | Section 2. This act shall take effect October 1, 2025. 40 |
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