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CS for CS for SB 768 First Engrossed 2025768e1 1 A bill to be entitled 2 An act relating to controlling business interests by 3 persons with ties to foreign countries of concern; 4 amending s. 408.810, F.S.; revising minimum health 5 care provider licensure requirements relating to 6 persons or entities possessing a specified controlling 7 interest in the licensee; providing that the failure 8 of the licensee to obtain certain assurances does not 9 affect the license or insurability of the licensee and 10 does not subject the licensee to civil or criminal 11 liability under specified circumstances; defining 12 terms and revising definitions; providing an effective 13 date. 14 15 Be It Enacted by the Legislature of the State of Florida: 16 17 Section 1.Subsection (15) of section 408.810, Florida 18 Statutes, is amended to read: 19 408.810Minimum licensure requirements.In addition to the 20 licensure requirements specified in this part, authorizing 21 statutes, and applicable rules, each applicant and licensee must 22 comply with the requirements of this section in order to obtain 23 and maintain a license. 24 (15)(a)The licensee must ensure that a person or an entity 25 that who possesses a controlling interest does not hold, either 26 directly or indirectly, regardless of ownership structure, an 27 interest in an entity that has a business relationship with a 28 foreign country of concern or that is subject to s. 287.135. 29 (b)The failure of a licensee to obtain assurances from a 30 person or entity that indirectly owns a controlling interest in 31 the licensee or indirectly holds an interest in an entity as 32 specified in paragraph (a) does not: 33 1.Affect the license or insurability of the licensee; or 34 2.Subject the licensee to civil or criminal liability, 35 unless the licensee has actual knowledge that an indirect 36 interest holder is: 37 a.A foreign principal from a foreign country of concern; 38 and 39 b.Not in compliance with the requirements of this section. 40 (c)For purposes of this subsection, the term: 41 1.Business relationship means engaging in commerce in 42 any form, including, but not limited to, acquiring, developing, 43 maintaining, owning, selling, possessing, leasing, or operating 44 equipment, facilities, personnel, products, services, personal 45 property, real property, or military equipment, or any other 46 apparatus of business or commerce. 47 2.Foreign country of concern means the Peoples Republic 48 of China, the Russian Federation, the Islamic Republic of Iran, 49 the Democratic Peoples Republic of Korea, the Republic of Cuba, 50 the Venezuelan regime of Nicolas Maduro, or the Syrian Arab 51 Republic, including any agency of such foreign country of 52 concern has the same meaning as in s. 692.201. 53 3.Foreign principal has the same meaning as in s. 54 692.201(4). 55 4.Indirect interest holder means, at the time of initial 56 application or renewal, a person or an entity owning less than 5 57 percent of the licensee; owning less than 5 percent in the 58 management company or other entity that contracts with the 59 licensee to manage the provider; or owning equities in a 60 publicly traded company that has a controlling interest or 61 noncontrolling interest in the licensee. 62 5.Interest has the same meaning as in s. 286.101(1). 63 Section 2.This act shall take effect July 1, 2025.
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