Florida Senate - 2019 (PROPOSED BILL) SPB 7052 FOR CONSIDERATION By the Committee on Banking and Insurance 597-00868-19 20197052pb 1 A bill to be entitled 2 An act relating to a review under the Open Government 3 Sunset Review Act; amending s. 655.057, F.S., relating 4 to exemptions from public records requirements for 5 informal enforcement actions by the Office of 6 Financial Regulation and certain trade secrets held by 7 the office under the financial institutions codes; 8 removing the scheduled repeal of the exemptions; 9 providing an effective date. 10 11 Be It Enacted by the Legislature of the State of Florida: 12 13 Section 1. Subsection (14) of section 655.057, Florida 14 Statutes, is amended, and subsections (3) and (4) of that 15 section are republished, to read: 16 655.057 Records; limited restrictions upon public access.— 17 (3) Except as otherwise provided in this section and except 18 for those portions that are otherwise public record, after an 19 investigation relating to an informal enforcement action is 20 completed or ceases to be active, informal enforcement actions 21 are confidential and exempt from s. 119.07(1) and s. 24(a), Art. 22 I of the State Constitution to the extent that disclosure would: 23 (a) Jeopardize the integrity of another active 24 investigation. 25 (b) Impair the safety and soundness of the financial 26 institution. 27 (c) Reveal personal financial information. 28 (d) Reveal the identity of a confidential source. 29 (e) Defame or cause unwarranted damage to the good name or 30 reputation of an individual or jeopardize the safety of an 31 individual. 32 (f) Reveal investigative techniques or procedures. 33 (4) Except as otherwise provided in this section and except 34 for those portions that are otherwise public record, trade 35 secrets as defined in s. 688.002 which comply with s. 655.0591 36 and which are held by the office in accordance with its 37 statutory duties with respect to the financial institutions 38 codes are confidential and exempt from s. 119.07(1) and s. 39 24(a), Art. I of the State Constitution. 40
(14) Subsections (3) and (4) are subject to the Open41 Government Sunset Review Act in accordance with s. 119.15 and42 are repealed on October 2, 2019, unless reviewed and saved from43 repeal through reenactment by the Legislature.44 Section 2. This act shall take effect October 1, 2019.