Florida Senate - 2025                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 768
       
       
       
       
       
       
                                Ì5105945Î510594                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                Floor: 1/AD/2R         .                                
             04/16/2025 02:26 PM       .                                
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       Senator Calatayud moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 21 - 39
    4  and insert:
    5  that who possesses a controlling interest does not hold, either
    6  directly or indirectly, regardless of ownership structure, an
    7  interest in an entity that has a business relationship with a
    8  foreign country of concern or that is subject to s. 287.135.
    9         (b) The failure of a licensee to obtain assurances from a
   10  person or entity that indirectly owns a controlling interest in
   11  the licensee or indirectly holds an interest in an entity as
   12  specified in paragraph (a) does not:
   13         1. Affect the license or insurability of the licensee; or
   14         2. Subject the licensee to civil or criminal liability,
   15  unless the licensee has actual knowledge that an indirect
   16  interest holder is:
   17         a. A foreign principal from a foreign country of concern;
   18  and
   19         b. Not in compliance with the requirements of this section.
   20         (c) For purposes of this subsection, the term:
   21         1. “Business relationship” means engaging in commerce in
   22  any form, including, but not limited to, acquiring, developing,
   23  maintaining, owning, selling, possessing, leasing, or operating
   24  equipment, facilities, personnel, products, services, personal
   25  property, real property, or military equipment, or any other
   26  apparatus of business or commerce.
   27         2. “Foreign country of concern” means the People’s Republic
   28  of China, the Russian Federation, the Islamic Republic of Iran,
   29  the Democratic People’s Republic of Korea, the Republic of Cuba,
   30  the Venezuelan regime of Nicolas Maduro, or the Syrian Arab
   31  Republic, including any agency of such foreign country of
   32  concern has the same meaning as in s. 692.201.
   33         3. “Foreign principal” has the same meaning as in s.
   34  692.201(4).
   35         4. “Indirect interest holder” means, at the time of initial
   36  application or renewal, a person or an entity owning less than 5
   37  percent of the licensee; owning less than 5 percent in the
   38  management company or other entity that contracts with the
   39  licensee to manage the provider; or owning equities in a
   40  publicly traded company that has a controlling interest or
   41  noncontrolling interest in the licensee.
   42         5. “Interest” has the same meaning as in s. 286.101(1).
   43  
   44  ================= T I T L E  A M E N D M E N T ================
   45  And the title is amended as follows:
   46         Delete lines 7 - 9
   47  and insert:
   48         interest in the licensee; providing that the failure
   49         of the licensee to obtain certain assurances does not
   50         affect the license or insurability of the licensee and
   51         does not subject the licensee to civil or criminal
   52         liability under specified circumstances; defining
   53         terms and revising definitions; providing an effective
   54         date.