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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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An act relating to a review under the Open Government 2
Sunset Review Act; amending s. 559.952, F.S., which 3
provides an exemption from public record requirements 4
for certain information held by the Office of 5
Financial Regulation in Financial Technology Sandbox 6
applications; removing the scheduled repeal of the 7
exemption; providing an effective date. 8
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Be It Enacted by the Legislature of the State of Florida: 10
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Section 1. Paragraph (h) of subsection (5) of section 12
559.952, Florida Statutes, is amended to read: 13
559.952 Financial Technology Sandbox. — 14
(5) FINANCIAL TECHNOLOGY SANDBOX APPLICATION; STANDARDS 15
FOR APPROVAL.— 16
(h)1. The following information provi ded to and held by 17
the office in a Financial Technology Sandbox application under 18
this subsection is confidential and exempt from s. 119.07(1) and 19
s. 24(a), Art. I of the State Constitution: 20
1.a. The reasons why a general law enumerated in paragraph 21
(4)(a) prevents the innovative financial product or service from 22
being made available to consumers. 23
2.b. The information provided for evaluation of the 24
factors specified in subparagraphs (c)1. and 3. 25
ENROLLED
HB 7003 2025 Legislature
CODING: Words stricken are deletions; words underlined are additions.
hb7003 -00-er
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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
3.c. The information provided for evaluation of whether 26
the applicant has a sufficient plan to test, monitor, and assess 27
the innovative financial product or service, under subparagraph 28
(c)4. 29
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However, the confidential and exempt information may be released 31
to appropriate state and federal agencies for the purpo ses of 32
investigation. Nothing in this paragraph shall be construed to 33
prevent the office from disclosing a summary of the innovative 34
financial product or service. 35
2. This paragraph is subject to the Open Government Sunset 36
Review Act in accordance with s. 119.15 and shall stand repealed 37
on October 2, 2025, unless reviewed and saved from repeal 38
through reenactment by the Legislature. 39
Section 2. This act shall take effect October 1, 2025. 40