FloridaFlorida law keeps some financial regulator records confidential
Florida law keeps certain records held by its financial regulator confidential, while allowing specified regulators and law enforcement agencies to receive them.
What it does
Certain investigation records and examination reports held by Florida’s financial regulator are confidential, including records involving stablecoin issuers and businesses that hold gold or silver coin.
Identifying details in certain payment records are confidential, including records connected to money transmitters that hold gold or silver coin.
Reports filed with the financial regulator under the money laundering law are confidential, including covered records involving stablecoin issuers and financial institutions offering gold or silver coin products or services.
Argument forKeeping personal financial details and investigation methods private could protect customers and help the office investigate possible violations.
Argument againstKeeping investigation files and financial reports from public view could make it harder for people to see how the office oversees financial businesses.
More detail
The law treats certain investigation records and examination reports held by the Office of Financial Regulation as confidential. These provisions cover records held by the office, including investigations and examinations involving financial institutions, trust companies that are qualified payment stablecoin issuers, and money transmitters that hold gold or silver coin. Some records may be shared with the financial institution and specified regulators, law enforcement agencies, or other listed recipients. After an investigation ends, some records remain confidential only when disclosure could cause specified harm, such as exposing personal financial details, a confidential source, or another active investigation. The exemptions in sections 560.129 and 655.057 are set to expire on October 2, 2031, unless the Legislature reviews and renews them.
The law treats identifying details in certain payment transaction records as confidential. These provisions cover identifying information in the office’s payment instrument and deferred presentment databases, including records connected to money transmitters that hold gold or silver coin. The details include information identifying a licensee, payor, payee, or person conducting a payment, and a drawer or deferred presentment provider. The exemptions are set to expire on October 2, 2031, unless the Legislature reviews and renews them.
The law treats reports and records filed with the office under the financial institutions money laundering law as confidential. The records include covered reports involving trust companies that are qualified payment stablecoin issuers and financial institutions offering gold or silver coin products or services. The office must provide these reports or their information to federal, state, and local law enforcement and prosecuting agencies, and to federal or state agencies that regulate or supervise financial institutions. These provisions take effect when the related stablecoin or gold and silver coin laws take effect, as specified for each section.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 12Chapter No. 2026-130; Companion bill(s) passed, see CS/CS/HB 175 (Ch. 2026-176), CS/HB 505 (Ch. 2026-178)Latest
- Jun 11Approved by Governor Ron DeSantisBecame Law
- Jun 9Signed by Officers and presented to GovernorTo Governor
- Mar 12Ordered engrossed, then enrolledMinor
- Vote recorded Passage. Result: pass.Lower
- Mar 12CS passed as amended; YEAS 109, NAYS 0Major
- Mar 12Amendment 736548 Concur
- Mar 12Added to Senate Message List
- Mar 6In Messages
- Vote recorded Third Reading. Result: pass.Upper
- Mar 6CS passed as amended; YEAS 31 NAYS 3Passed Senate
- Mar 6Read 3rd timeMinor
- Mar 6Amendment(s) adopted (736548)
- Mar 6Read 2nd timeMinor
- Mar 6Substituted for SB 7044
- Mar 6Placed on Calendar, on 2nd reading
- Mar 6Withdrawn from RulesMajor
- Mar 3ReceivedMinor
- Vote recorded Passage, Third Reading. Result: pass.Lower
- Mar 3Referred to RulesMinor
- Mar 3In Messages
- Mar 3CS passed; YEAS 108, NAYS 0Passed House
- Mar 3Read 3rd timeMinor
- Mar 3Added to Third Reading Calendar
- Mar 3Read 2nd timeMinor
- Feb 261st Reading (Committee Substitute 2)Minor
- Vote recorded Favorable With Committee Substitute (State Affairs Committee). Result: pass.Lower
- Feb 26Bill added to Special Order Calendar (3/3/2026)
- Feb 26Bill referred to House Calendar
- Feb 26CS FiledMinor
- Feb 26Laid on Table under Rule 7.18(a)Minor
- Feb 26Reported out of State Affairs Committee
- Feb 26Favorable with CS by State Affairs CommitteeMinor
- Feb 24Added to State Affairs Committee agenda
- Feb 12Now in State Affairs Committee
- Feb 12Referred to State Affairs CommitteeMinor
- Feb 111st Reading (Committee Substitute 1)Minor
- Vote recorded Favorable With Committee Substitute (Government Operations Subcommittee). Result: pass.Lower
- Feb 11CS FiledMinor
- Feb 11Laid on Table under Rule 7.18(a)Minor
- Feb 11Reported out of Government Operations Subcommittee
- Feb 11Favorable with CS by Government Operations SubcommitteeMinor
- Feb 9Added to Government Operations Subcommittee agenda
- Jan 131st Reading (Original Filed Version)Minor
- Jan 12Now in Government Operations Subcommittee
- Jan 12Referred to State Affairs CommitteeMinor
- Jan 12Referred to Government Operations SubcommitteeMinor
- Jan 6FiledIntroduced
Government & Ethics