Florida Senate - 2020                        COMMITTEE AMENDMENT
       Bill No. SB 1872
       
       
       
       
       
       
                                Ì117964GÎ117964                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/10/2020           .                                
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       The Committee on Governmental Oversight and Accountability
       (Hutson) recommended the following:
       
    1         Senate Amendment to Amendment (289714) (with title
    2  amendment)
    3  
    4         Delete lines 5 - 28
    5  and insert:
    6         Section 1. Paragraph (h) is added to subsection (4) and
    7  paragraph (f) is added to subsection (5) of section 559.952,
    8  Florida Statutes, as created as SB 1870, 2020 Regular Session,
    9  to read:
   10         559.952 Financial Technology Sandbox.—
   11         (4) FINANCIAL TECHNOLOGY SANDBOX APPLICATION; STANDARDS FOR
   12  APPROVAL.—
   13         (h)1. The following information submitted to the office in
   14  a Financial Technology Sandbox application under this subsection
   15  is confidential and exempt from s. 119.07(1) and s. 24(a), Art.
   16  I of the State Constitution:
   17         a. The reasons why the general law or rule requirements for
   18  which an exception or waiver is sought prevent the innovative
   19  financial product or service from being made available to
   20  consumers.
   21         b. The information specified in subparagraphs (e)1. – 4.
   22  and (e)7.
   23  
   24  However, such information may be released to appropriate state
   25  and federal agencies for purposes of investigation.
   26         2. This paragraph is subject to the Open Government Sunset
   27  Review Act in accordance with s. 119.15 and shall stand repealed
   28  on October 2, 2025, unless reviewed and saved from repeal
   29  through reenactment by the Legislature.
   30         (5) OPERATION OF THE FINANCIAL TECHNOLOGY SANDBOX.—
   31  
   32  ================= T I T L E  A M E N D M E N T ================
   33  And the title is amended as follows:
   34         Delete lines 84 - 85
   35  and insert:
   36         Records requirements for certain information submitted
   37         to the Office of Financial Regulation in