Florida 2026 Session Status: Passed House 1 R cosponsors

HB 381 — CS/HB 381: Office of Financial Regulation

Last action — Died in Commerce Committee; Companion bill(s) passed, see CS/CS/CS/SB 1452 (Ch. 2026-174)

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the House. Introduced November 06, 2025. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 50% · moderate confidence

  • Passed House

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Office of Financial Regulation; Requires loan originators, mortgage brokers, & mortgage lenders & money services businesses to develop, implement, & maintain comprehensive written information security programs for protection of information systems & nonpublic personal information & to establish written incident response plans; provides requirements for notices of security breaches; revises list of actions by money services businesses which constitute grounds for disciplinary actions & penalties; provides requirements for emergency orders that suspend money services business licenses; provides that debit card transaction shall be treated same as cash transactions & prohibits redemption through credit card transaction; requires financial institutions to take measures to protect & secure certain data that contain personal information; provides requirements for notices of security breaches to office, DLA, certain individuals, & certain credit reporting agencies; revises timeline for mailing of payment for salary & travel expenses of certain field staff; revises requirements for permission to organize credit unions; removes provisions that impose limitations on investments in real estate & equipment for credit unions; revises requirements & factors for approving applications for organizing banks & trust companies; revises requirements for directors of certain banks & trust companies.

Bill Text

What changed in the latest version

1275 added · 1715 removed

1275 line(s) added, 1715 removed.

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 A bill to be entitled An act relating to the Office of Financial Regulation;
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 A bill to be entitled An act relating to the Office of Financial Regulation;
requiring loan originators, mortgage brokers, and mortgage lenders and certain entities to conduct investigations of cybersecurity events under certain circumstances;
providing requirements for notices of security breaches;
providing requirements for such investigations;
providing requirements for records and documentation maintenance;
providing requirements for notices of Page 1 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 security breaches;
providing rulemaking authority;
requiring the Financial Services Commission to adopt rules;
revising the definition of the term "investment adviser" and defining the term "place of business";
revising Page 1 of 47 CODING:
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words underlined are additions.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 the definition of the term "investment adviser" and defining the term "place of business";
559.952, F.S.;
517.061, F.S.;
revising definitions;
revising the definition of the term "family office";
removing the definition of the term "innovative";
creating s.
revising the list of general law provisions that are waived upon approval of a Financial Technology Sandbox application;
520.135, F.S.;
revising conditions under which a waiver of a requirement may be granted;
specifying that the rights and obligations of parties with respect to a surrendered or repossessed motor vehicle are exclusively governed by certain provisions;
providing that provisions applicable to the Financial Technology Sandbox innovative financial products and services apply to Financial Technology Sandbox financial products and services;
revising the criteria for the office to consider when deciding whether to approve or deny an application for licensure;
authorizing, rather than requiring, the office to specify the maximum number of consumers authorized to receive financial products and services from a Financial Technology Sandbox applicant;
removing provisions that limit the number of such customers;
revising construction;
specifying the entities Page 2 of 62 CODING:
specifying the entities that are subject to certain disciplinary actions and penalties;
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 that are subject to certain disciplinary actions and penalties;
providing requirements for emergency suspension orders that suspend money services business licenses;
providing that an emergency suspension order is effective when the licensee against whom the order is directed has actual or constructive knowledge;
requiring the office to institute proceedings within a specified timeframe after issuance of an emergency suspension order;
authorizing a licensee subject to an emergency suspension order to seek judicial review;
s.
creating s.
requiring money services businesses to develop, implement, and maintain comprehensive written information security programs for the protection of information systems and nonpublic personal information;
requiring money services businesses to Page 2 of 47 CODING:
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hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 develop, implement, and maintain comprehensive written information security programs for the protection of information systems and nonpublic personal information;
requiring money services businesses and certain entities to conduct investigations of cybersecurity events under certain circumstances;
providing requirements for such investigations;
providing requirements for records and Page 3 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 documentation maintenance;
providing rulemaking authority;
requiring the commission to adopt rules;
amending s.
560.309, F.S.;
providing that licensees must comply with the Fair Debt Collections Practices Act only if the licensees meet certain criteria;
amending s.
560.405, F.S.;
providing that a debit card transaction shall be treated the same as cash transactions and prohibiting redemption through a credit card transaction;
amending s.
560.406, F.S.;
providing that licensees must comply with the Fair Debt Collections Practices Act only if the licensees meet certain criteria;
providing definitions;
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hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 providing definitions;
authorizing meetings of credit union members to be held virtually and without quorums under certain circumstances;
authorizing meetings of credit union members to be held virtually without an in-person quorum and authorizing virtual attendance to satisfy quorum requirements under certain circumstances;
revising the timeline for the mailing Page 4 of 62 CODING:
revising the timeline for the mailing of payment for the salary and travel expenses of certain field staff;
amending s.
517.12, Page 4 of 47 CODING:
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 of payment for the salary and travel expenses of certain field staff;
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 F.S.;
amending s.
517.12, F.S.;
494.00123 Information security programs;
494.00123 Information security programs.— (1) DEFINITIONS.—As used in this section, the term:
cybersecurity event investigations.— (1) DEFINITIONS.—As used in this section, the term:
(d) "Financial product or service" means any product or Page 5 of 62 CODING:
(d) "Financial product or service" means any product or service offered by a licensee under this chapter.
(e) "Information security program" means the administrative, technical, or physical safeguards used to Page 5 of 47 CODING:
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 service offered by a licensee under this chapter.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 access, collect, distribute, process, protect, store, use, transmit, dispose of, or otherwise handle customer information.
(e) "Information security program" means the administrative, technical, or physical safeguards used to access, collect, distribute, process, protect, store, use, transmit, dispose of, or otherwise handle customer information.
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a.
Publicly available information, except as included on a list, description, or other grouping of customers described in sub-subparagraph 1.b.;
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 a.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 b.
Publicly available information, except as included on a list, description, or other grouping of customers described in sub-subparagraph 1.b.;
b.
(B) A licensee receives about a consumer that is obtained during or as a result of any transaction involving a financial product or service between the licensee and the customer, such as information collected through an information-collecting Page 7 of 62 CODING:
(B) A licensee receives about a consumer that is obtained during or as a result of any transaction involving a financial product or service between the licensee and the customer, such as information collected through an information-collecting device from a web server;
or (C) A licensee otherwise obtains about a customer in connection with providing a financial product or service to the Page 7 of 47 CODING:
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 device from a web server;
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 customer, such as the fact that an individual is or has been one of the licensee's customers or has obtained a financial product or service from the licensee.
or (C) A licensee otherwise obtains about a customer in connection with providing a financial product or service to the customer, such as the fact that an individual is or has been one of the licensee's customers or has obtained a financial product or service from the licensee.
A website is not restricted merely because an Internet service provider or a site operator requires a fee or a password, so Page 8 of 62 CODING:
A website is not restricted merely because an Internet service provider or a site operator requires a fee or a password, so long as access is available to the general public;
or (C) Disclosures to the general public which are required to be made by federal, state, or local law.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 long as access is available to the general public;
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 (II) As used in this sub-subparagraph, the term "reasonable basis to believe is lawfully made available to the general public" relating to any information means that the person has taken steps to determine:
or (C) Disclosures to the general public which are required to be made by federal, state, or local law.
(II) As used in this sub-subparagraph, the term "reasonable basis to believe is lawfully made available to the general public" relating to any information means that the person has taken steps to determine:
(2) INFORMATION SECURITY PROGRAM.— (a) Each licensee shall develop, implement, and maintain a comprehensive written information security program that contains Page 9 of 62 CODING:
(2) INFORMATION SECURITY PROGRAM.— (a) Each licensee shall develop, implement, and maintain a comprehensive written information security program that contains administrative, technical, and physical safeguards for the protection of the licensee's information system and nonpublic personal information.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 administrative, technical, and physical safeguards for the protection of the licensee's information system and nonpublic personal information.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 (b) Each licensee shall ensure that the information security program meets all of the following criteria:
(b) Each licensee shall ensure that the information security program meets all of the following criteria:
Define and periodically reevaluate the retention schedule and the mechanism for the destruction of nonpublic personal information if retention is no longer necessary for the Page 10 of 62 CODING:
Define and periodically reevaluate the retention schedule and the mechanism for the destruction of nonpublic personal information if retention is no longer necessary for the licensee's business operations or is no longer required by applicable law.
4.
Regularly test and monitor systems and procedures for Page 10 of 47 CODING:
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 licensee's business operations or is no longer required by applicable law.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 the detection of actual and attempted attacks on, or intrusions into, the licensee's information system.
4.
Regularly test and monitor systems and procedures for the detection of actual and attempted attacks on, or intrusions into, the licensee's information system.
Eliminate any internal or external threats to nonpublic personal information.
Mitigate any internal or external threats to nonpublic personal information.
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b.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 b.
2.
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hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 2.
The process by which notice must be given as required under subsection (4) and s.
The process by which notice must be given as required under subsection (3) and s.
Twenty individuals on its workforce, including Page 12 of 62 CODING:
Twenty individuals on its workforce, including employees and independent contractors;
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 employees and independent contractors;
A licensee that no longer qualifies for exemption under subparagraph 1.
A licensee that no longer qualifies for exemption under Page 12 of 47 CODING:
has 180 calendar days to comply with this section after the date of the disqualification.
(e) Each licensee shall maintain a copy of the information security program for a minimum of 5 years and shall make it available to the office upon request or as part of an examination.
(3) CYBERSECURITY EVENT INVESTIGATION.— (a) If a licensee discovers that a cybersecurity event has occurred or that a cybersecurity event may have occurred, the licensee, or an outside vendor or third-party service provider that the licensee has designated to act on its behalf, shall conduct a prompt investigation of the cybersecurity event.
(b) During the investigation, the licensee, or the outside vendor or third-party service provider that the licensee has designated to act on its behalf, shall, at a minimum, determine as much of the following as possible:
1.
Confirm that a cybersecurity event has occurred.
2.
Identify the date that the cybersecurity event first occurred.
3.
Assess the nature and scope of the cybersecurity event.
4.
Identify all nonpublic personal information that may have been compromised by the cybersecurity event.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 5.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 subparagraph 1.
Perform or oversee reasonable measures to restore the security of any compromised information system in order to prevent further unauthorized acquisition, release, or use of nonpublic personal information that is in the licensee's, outside vendor's, or third-party service provider's possession, custody, or control.
has 180 calendar days to comply with this section after the date of the disqualification.
(c) If a licensee learns that a cybersecurity event has occurred, or may have occurred, in an information system maintained by a third-party service provider of the licensee, the licensee shall complete an investigation in compliance with this section or confirm and document that the third-party service provider has completed an investigation in compliance with this section.
(e) Each licensee shall maintain a copy of the information security program for a minimum of 5 years and shall make it available to the office upon request or as part of an examination.
(d) A licensee shall maintain all records and documentation related to the licensee's investigation of a cybersecurity event for a minimum of 5 years after the date of the cybersecurity event and shall produce the records and documentation to the office upon request.
(3) NOTICE TO OFFICE OF SECURITY BREACH.—Each licensee shall provide notice to the office of any breach of security affecting 500 or more individuals in this state at a time and in the manner prescribed by commission rule.
(4) NOTICE TO OFFICE OF SECURITY BREACH.— (a) Each licensee shall provide notice to the office of any breach of security affecting 500 or more individuals in this state at a time and in the manner prescribed by commission rule.
(4) CONSTRUCTION.—This section may not be construed to relieve a covered entity from complying with s.
(b) Each licensee shall, upon the office's request, provide a quarterly update of a cybersecurity event investigation under subsection (3) until conclusion of the Page 14 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 investigation.
(5) CONSTRUCTION.—This section may not be construed to relieve a covered entity from complying with s.
(6) RULES.—The commission may adopt rules to administer this section, including rules that allow a licensee that is in full compliance with the Federal Trade Commission's Standards for Safeguarding Customer Information, 16 C.F.R.
(5) RULES.—The commission must adopt rules to administer this section, including rules that allow a licensee that is in compliance with the Federal Trade Commission's Standards for Safeguarding Customer Information, 16 C.F.R.
license violations.— (1) Each of the following acts constitutes a ground for which the disciplinary actions specified in subsection (2) may be taken against a person licensed or required to be licensed under part II or part III of this chapter:
license violations.— (1) Each of the following acts constitutes a ground for which the disciplinary actions specified in subsection (2) may Page 13 of 47 CODING:
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hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 be taken against a person licensed or required to be licensed under part II or part III of this chapter:
517.021 Definitions.—When used in this chapter, unless the Page 15 of 62 CODING:
517.021 Definitions.—When used in this chapter, unless the context otherwise indicates, the following terms have the following respective meanings:
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words underlined are additions.
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 context otherwise indicates, the following terms have the following respective meanings:
2.
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hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 2.
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658.12, which it is authorized to exercise in this state, which trust company renders or performs investment advisory services in a fiduciary capacity incidental to the exercise of its trust powers.
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words underlined are additions.
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 658.12, which it is authorized to exercise in this state, which trust company renders or performs investment advisory services in a fiduciary capacity incidental to the exercise of its trust powers.
As used in this subparagraph, the term "client" has the same meaning as provided in Securities and Exchange Commission Rule 222-2 275.222-2, 17 C.F.R.
As used in this subparagraph, the term "client" has the same Page 15 of 47 CODING:
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hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 meaning as provided in Securities and Exchange Commission Rule 222-2 275.222-2, 17 C.F.R.
or any officer, agent, or employee of any such governmental or business entity who is acting within the scope Page 17 of 62 CODING:
or any officer, agent, or employee of any such governmental or business entity who is acting within the scope of his or her official duties.
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words underlined are additions.
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 of his or her official duties.
A family office as defined in Securities and Exchange Commission Rule 202(a)(11)(G)-1(b) and (d) under the Investment Advisers Act of 1940, 17 C.F.R.
A family office as defined in Securities and Exchange Commission Rule 202(a)(11)(G)-1(b) under the Investment Advisers Act of 1940, 17 C.F.R.
275.
275.202(a)(11)(G)-1(b), as amended.
202(a)(11)(G)-1(b) and (d), as amended, without giving regard to paragraph 1(a) or paragraph 1(c) of that rule.
In determining whether a person meets the definition of a family office under this subparagraph, the terms "affiliated family office," "control," "executive officer," "family client," "family entity," "family member," "former family member," "key employee," and "spousal equivalent" have the same meaning as in Securities and Exchange Commission Rule 202(a)(11)(G)-1(d) under the Investment Advisers Act of 1940, 17 C.F.R.
(28) "Place of business" of an investment adviser means an office at which the investment adviser regularly provides investment advisory services, solicits, meets with, or otherwise communicates with clients;
s.
and any other location that is held out to the general public as a location at which the investment adviser provides investment advisory services, solicits, meets with, or otherwise communicates with clients.
275.202(a)(11)(G)-1(d), as amended.
Section 4.
(28) "Place of business" of an investment adviser means an office at which the investment adviser regularly provides investment advisory services to, solicits, meets with, or otherwise communicates with clients;
Section 559.952, Florida Statutes, is amended to read:
and any other location that Page 16 of 47 CODING:
559.952 Financial Technology Sandbox.— (1) SHORT TITLE.—This section may be cited as the "Financial Technology Sandbox." (2) CREATION OF THE FINANCIAL TECHNOLOGY SANDBOX.—There is created the Financial Technology Sandbox within the Office of Financial Regulation to allow financial technology innovators to test new products and services in a supervised, flexible regulatory sandbox using exceptions to specified general law and waivers of specified provisions of general law and the corresponding rule requirements under defined conditions.
The Page 18 of 62 CODING:
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 creation of a supervised, flexible regulatory sandbox provides a welcoming business environment for technology innovators and may lead to significant business growth.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 is held out to the general public as a location at which the investment adviser provides investment advisory services to, solicits, meets with, or otherwise communicates with clients.
(3) DEFINITIONS.—As used in this section, the term:
Section 4.
(a) "Business entity" means any corporation, limited liability company, or trust that may or may not be fictitiously named and that does business in this state a domestic corporation or other organized domestic entity with a physical presence, other than that of a registered office or agent or virtual mailbox, in this state.
Paragraph (i) of subsection (9) of section 517.061, Florida Statutes, is amended to read:
(b) "Commission" means the Financial Services Commission.
517.061 Exempt transactions.— Except as otherwise provided in subsection (11), the exemptions provided herein from the registration requirements of s.
(c) "Consumer" means a person in this state, whether a natural person or a business organization, who purchases, uses, receives, or enters into an agreement to purchase, use, or receive a an innovative financial product or service made available through the Financial Technology Sandbox.
517.07 are self-executing and do not require any filing with the office before being claimed.
(d) "Control person" means an individual, a partnership, a corporation, a trust, or other organization that possesses the power, directly or indirectly, to direct the management or policies of a company, whether through ownership of securities, by contract, or through other means.
Any person who claims entitlement to an exemption under this section bears the burden of proving such entitlement in any proceeding brought under this chapter.
A person is presumed to control a company if, with respect to a particular company, that person:
The registration provisions of s.
517.07 do not apply to any of the following transactions;
however, such transactions are subject to s.
517.301:
(9) The offer or sale of securities to:
(i) A family office as defined in Securities and Exchange Commission Rule 202(a)(11)(G)-1(b) 202(a)(11)(G)-1 under the Investment Advisers Act of 1940, 17 C.F.R.
s.
275.202(a)(11)(G)- 1(b) 17 C.F.R.
s.
275.202(a)(11)(G)-1, as amended, provided that:
Is a director, a general partner, or an officer exercising executive responsibility or having similar status or Page 19 of 62 CODING:
The family office has assets under management in excess of $5 million;
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 functions;
Directly or indirectly may vote 10 percent or more of a class of a voting security or sell or direct the sale of 10 percent or more of a class of voting securities;
The family office is not formed for the specific purpose of acquiring the securities offered;
or 3.
and 3.
In the case of a partnership, may receive upon dissolution or has contributed 10 percent or more of the capital.
The prospective investment of the family office is Page 17 of 47 CODING:
(e) "Corresponding rule requirements" means the commission rules, or portions thereof, which implement the general laws enumerated in paragraph (4)(a).
(f) "Financial product or service" means a product or service related to a consumer finance loan, as defined in s.
516.01, or credit, banking services, money transmission, or securities transactions a money transmitter or payment instrument seller, as those terms are defined in s.
560.103, including mediums of exchange that are in electronic or digital form, which is subject to the general laws enumerated in paragraph (4)(a) and corresponding rule requirements and which is under the jurisdiction of the office.
(g) "Financial Technology Sandbox" means the program created by this section which allows a licensee to make a an innovative financial product or service available to consumers during a sandbox period through waivers of exceptions to general laws and waivers of corresponding rule requirements.
(h) "Innovative" means new or emerging technology, or new Page 20 of 62 CODING:
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 uses of existing technology, which provide a product, service, business model, or delivery mechanism to the public and which are not known to have a comparable offering in this state outside the Financial Technology Sandbox.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 directed by a person who has knowledge and experience in financial and business matters that the family office is capable of evaluating the merits and risks of the prospective investment.
(h)(i) "Licensee" means a business entity that has been approved by the office to participate in the Financial Technology Sandbox.
In determining whether a person meets the definition of a family office under this paragraph, the terms "affiliated family office," "control," "executive officer," "family client," "family entity," "family member," "former family member," "key employee," and "spousal equivalent" have the same meaning as in Securities and Exchange Commission Rule 202(a)(11)(G)-1(d) under the Investment Advisers Act of 1940, 17 C.F.R.
(i)(j) "Office" means, unless the context clearly indicates otherwise, the Office of Financial Regulation.
s.
(j)(k) "Sandbox period" means the initial 24-month period in which the office has authorized a licensee to make a an innovative financial product or service available to consumers, and any extension granted pursuant to subsection (7).
275.202(a)(11)(G)-1(d), as amended.
(4) WAIVERS OF EXCEPTIONS TO GENERAL LAW AND CORRESPONDING WAIVERS OF RULE REQUIREMENTS.— (a) Notwithstanding any other law, upon approval of a Financial Technology Sandbox application, the office may grant an applicant during a sandbox period a waiver of a requirement, or a portion thereof, imposed by a general law or rule in any following chapter, or part thereof, if all of the conditions in paragraph (b) are met following provisions and corresponding rule requirements are not applicable to the licensee during the sandbox period:
1.
Chapter 516, Consumer Finance.
2.
Chapter 517, Securities Transactions.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 3.
Chapter 520, Retail Installment Sales.
4.
Chapter 537, Title Loans.
5.
Part I or part II of chapter 560, General Provisions of Money Services Businesses or Payment Instruments and Funds Transmission.
6.
Chapter 655, Financial Institutions Generally.
7.
Chapter 657, Credit Unions.
8.
Chapter 658, Banks and Trust Companies.
9.
Chapter 660, Trust Business.
10.
Chapter 662, Family Trust Companies.
11.
Chapter 663, International Banking.
1.
Section 516.03(1), except for the application fee, the investigation fee, the requirement to provide the social security numbers of control persons, evidence of liquid assets of at least $25,000 or documents satisfying the requirements of s.
516.05(10), and the office's authority to investigate the applicant's background.
The office may prorate the license renewal fee for an extension granted under subsection (7).
2.
Section 516.05(1) and (2), except that the office shall investigate the applicant's background.
3.
Section 560.109, only to the extent that the section requires the office to examine a licensee at least once every 5 years.
4.
Section 560.118(2).
5.
Section 560.125(1), only to the extent that the Page 22 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 subsection would prohibit a licensee from engaging in the business of a money transmitter or payment instrument seller during the sandbox period.
6.
Section 560.125(2), only to the extent that the subsection would prohibit a licensee from appointing an authorized vendor during the sandbox period.
Any authorized vendor of such a licensee during the sandbox period remains liable to the holder or remitter.
7.
Section 560.128.
8.
Section 560.141, except for s.
560.141(1)(a)1., 3., 7.- 10.
and (b), (c), and (d).
9.
Section 560.142(1) and (2), except that the office may prorate, but may not entirely eliminate, the license renewal fees in s.
560.143 for an extension granted under subsection (7).
10.
Section 560.143(2), only to the extent necessary for proration of the renewal fee under subparagraph 9.
11.
Section 560.204(1), only to the extent that the subsection would prohibit a licensee from engaging in, or advertising that it engages in, the activity of a payment instrument seller or money transmitter during the sandbox period.
12.
Section 560.205(2).
13.
Section 560.208(2).
14.
Section 560.209, only to the extent that the office Page 23 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 may modify, but may not entirely eliminate, the net worth, corporate surety bond, and collateral deposit amounts required under that section.
The modified amounts must be in such lower amounts that the office determines to be commensurate with the factors under paragraph (5)(c) and the maximum number of consumers authorized to receive the financial product or service under this section.
(b) The office may grant an applicant during a sandbox period a waiver of a requirement, or a portion thereof, imposed by a general law or rule in any chapter enumerated in paragraph (a) if all of the following conditions are met:
approve a Financial Technology Sandbox application if one or more of the general laws enumerated in paragraph (a) currently prevent the innovative financial product or service from being made available to consumers and if all other requirements of this section are met.
1.
The general law or rule does not currently authorize the financial product or service to be made available to consumers.
2.
The waiver is not broader than necessary to accomplish the purposes and standards specified in this section, as determined by the office.
3.
Any provision relating to the liability of an incorporator, director, or officer of the applicant is not eligible for a waiver.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 (c) A licensee may conduct business through electronic means, including through the Internet or a software application.
(5) FINANCIAL TECHNOLOGY SANDBOX APPLICATION;
STANDARDS FOR APPROVAL.— (a) Before filing an application for licensure under this section, a substantially affected person may seek a declaratory statement pursuant to s.
120.565 regarding the applicability of a statute, a rule, or an agency order to the petitioner's particular set of circumstances or a variance or waiver of a rule pursuant to s.
120.542.
(b) Before making a an innovative financial product or service available to consumers in the Financial Technology Sandbox, a business entity must file with the office an application for licensure under the Financial Technology Sandbox.
The commission shall, by rule, prescribe the form and manner of the application and how the office will evaluate and apply each of the factors specified in paragraph (c).
1.
The application must specify each general law enumerated in paragraph (4)(a) which currently prevents the innovative financial product or service from being made available to consumers and the reasons why those provisions of general law prevent the innovative financial product or service from being made available to consumers.
2.
The application must contain sufficient information for the office to evaluate the factors specified in paragraph (c).
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 3.
An application submitted on behalf of a business entity must include evidence that the business entity has authorized the person to submit the application on behalf of the business entity intending to make a an innovative financial product or service available to consumers.
4.
The application must specify the maximum number of consumers, which may not exceed the number of consumers specified in paragraph (f), to whom the applicant proposes to provide the innovative financial product or service.
5.
The application must include a proposed draft of the statement or statements meeting the requirements of paragraph (6)(b) which the applicant proposes to provide to consumers.
(c) The office shall approve or deny in writing a Financial Technology Sandbox application within 60 days after receiving the completed application.
The office and the applicant may jointly agree to extend the time beyond 60 days.
Consistent with this section, the office may impose conditions on any approval.
In deciding whether to approve or deny an application for licensure, the office must consider each of the following:
1.
The nature of the innovative financial product or service proposed to be made available to consumers in the Financial Technology Sandbox, including all relevant technical details.
2.
The potential risk to consumers and the methods that Page 26 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 will be used to protect consumers and resolve complaints during the sandbox period.
2.3.
The business plan proposed by the applicant, including company information, market analysis, and financial projections or pro forma financial statements, and evidence of the financial viability of the applicant.
4.
Whether the applicant has the necessary personnel, adequate financial and technical expertise, and a sufficient plan to test, monitor, and assess the innovative financial product or service.
3.5.
Whether any control person of the applicant, regardless of adjudication, has pled no contest to, has been convicted or found guilty of, or is currently under investigation for fraud, a state or federal securities violation, a property-based offense, or a crime involving moral turpitude or dishonest dealing, in which case the application to the Financial Technology Sandbox must be denied.
4.6.
A copy of the disclosures that will be provided to consumers under paragraph (6)(b).
5.7.
The financial responsibility of the applicant and any control person, including whether the applicant or any control person has a history of unpaid liens, unpaid judgments, or other general history of nonpayment of legal debts, including, but not limited to, having been the subject of a petition for bankruptcy under the United States Bankruptcy Code within the past 7 Page 27 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 calendar years.
6.8.
Any other factor that the office determines to be relevant.
(d) The office may not approve an application if:
1.
The applicant had a prior Financial Technology Sandbox application that was approved and that related to a substantially similar financial product or service;
2.
Any control person of the applicant was substantially involved in the development, operation, or management with another Financial Technology Sandbox applicant whose application was approved and whose application related to a substantially similar financial product or service;
or 3.
The applicant or any control person has failed to affirmatively demonstrate financial responsibility.
(e) Upon approval of an application, the office shall notify the licensee of the specific that the licensee is exempt from the provisions of general law enumerated in paragraph (4)(a) and the corresponding rule requirements that are waived during the sandbox period.
The office shall post on its website notice of the approval of the application, a summary of the innovative financial product or service, and the contact information of the licensee.
(f) The office, on a case-by-case basis, may shall specify the maximum number of consumers authorized to receive a an innovative financial product or service, after consultation with Page 28 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 the Financial Technology Sandbox applicant.
The office may not authorize more than 15,000 consumers to receive the financial product or service until the licensee has filed the first report required under subsection (8).
After the filing of that report, if the licensee demonstrates adequate financial capitalization, risk management processes, and management oversight, the office may authorize up to 25,000 consumers to receive the financial product or service.
(g) A licensee has a continuing obligation to promptly inform the office of any material change to the information provided under paragraph (b).
(h) The following information provided to and held by the office in a Financial Technology Sandbox application under this subsection is confidential and exempt from s.
119.07(1) and s.
24(a), Art.
I of the State Constitution:
1.
The reasons why a general law enumerated in paragraph (4)(a) prevents the innovative financial product or service from being made available to consumers.
2.
The information provided for evaluation of the factors specified in subparagraphs (c)1.
and 2.
3.
3.
The information provided for evaluation of whether the applicant has a sufficient plan to test, monitor, and assess the innovative financial product or service, under subparagraph (c)4.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 However, the confidential and exempt information may be released to appropriate state and federal agencies for the purposes of investigation.
Nothing in this paragraph shall be construed to prevent the office from disclosing a summary of the innovative financial product or service.
(6) OPERATION OF THE FINANCIAL TECHNOLOGY SANDBOX.— (a) A licensee may make a an innovative financial product or service available to consumers during the sandbox period.
(b)1.
Before a consumer purchases, uses, receives, or enters into an agreement to purchase, use, or receive a an innovative financial product or service through the Financial Technology Sandbox, the licensee must provide a written statement of all of the following to the consumer:
a.
The name and contact information of the licensee.
b.
That the financial product or service has been authorized to be made available to consumers for a temporary period by the office, under the laws of this state.
c.
That the state does not endorse the financial product or service.
d.
That the financial product or service is undergoing testing, may not function as intended, and may entail financial risk.
e.
That the licensee is not immune from civil liability for any losses or damages caused by the financial product or service.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 f.
The expected end date of the sandbox period.
g.
The contact information for the office and notification that suspected legal violations, complaints, or other comments related to the financial product or service may be submitted to the office.
h.
Any other statements or disclosures required by rule of the commission which are necessary to further the purposes of this section.
2.
The written statement under subparagraph 1.
must contain an acknowledgment from the consumer, which must be retained for the duration of the sandbox period by the licensee.
(c) The office may enter into an agreement with a state, federal, or foreign regulatory agency to allow licensees under the Financial Technology Sandbox to make their products or services available in other jurisdictions.
The commission shall adopt rules to implement this paragraph.
(d) The office may examine the records of a licensee at any time, with or without prior notice.
(7) EXTENSION AND CONCLUSION OF SANDBOX PERIOD.— (a) A licensee may apply for one extension of the initial 24-month sandbox period for 12 additional months for a purpose specified in subparagraph (b)1.
or subparagraph (b)2.
A complete application for an extension must be filed with the office at least 90 days before the conclusion of the initial sandbox period.
The office shall approve or deny the application for Page 31 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 extension in writing at least 35 days before the conclusion of the initial sandbox period.
In determining whether to approve or deny an application for extension of the sandbox period, the office must, at a minimum, consider the current status of the factors previously considered under paragraph (5)(c).
(b) An application for an extension under paragraph (a) must cite one of the following reasons as the basis for the application and must provide all relevant supporting information:
1.
Amendments to general law or rules are necessary to offer the innovative financial product or service in this state permanently.
2.
An application for a license that is required in order to offer the innovative financial product or service in this state permanently has been filed with the office and approval is pending.
(c) At least 30 days before the conclusion of the initial 24-month sandbox period or the extension, whichever is later, a licensee shall provide written notification to consumers regarding the conclusion of the initial sandbox period or the extension and may not make the financial product or service available to any new consumers after the conclusion of the initial sandbox period or the extension, whichever is later, until legal authority outside of the Financial Technology Sandbox exists for the licensee to make the financial product or Page 32 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 service available to consumers.
After the conclusion of the sandbox period or the extension, whichever is later, the business entity formerly licensed under the Financial Technology Sandbox may:
1.
Collect and receive money owed to the business entity or pay money owed by the business entity, based on agreements with consumers made before the conclusion of the sandbox period or the extension.
2.
Take necessary legal action.
3.
Take other actions authorized by commission rule which are not inconsistent with this section.
(8) REPORT.—A licensee shall submit a report to the office twice a year as prescribed by commission rule.
The report must, at a minimum, include financial reports and the number of consumers who have received the financial product or service.
(9) CONSTRUCTION.—A business entity whose Financial Technology Sandbox application is approved under this section:
(a) Shall be deemed to possess an appropriate license under any general law requiring state licensure or authorization.
(b) Does not obtain a property right.
(c) Is not, nor is its financial product or service, endorsed by this state, nor is this state subject to liability for losses or damages caused by the financial product or service.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 (a) Is licensed under chapter 516, chapter 560, or both chapters 516 and 560, as applicable to the business entity's activities.
(b) Is subject to any provision of chapter 516 or chapter 560 not specifically excepted under paragraph (4)(a), as applicable to the business entity's activities, and must comply with such provisions.
(c) May not engage in activities authorized under part III of chapter 560, notwithstanding s.
560.204(2).
(10) VIOLATIONS AND PENALTIES.— (a) A licensee who makes a an innovative financial product or service available to consumers in the Financial Technology Sandbox remains subject to:
1.
Civil damages for acts and omissions arising from or related to any innovative financial product or services provided or made available by the licensee or relating to this section.
2.
All criminal and consumer protection laws and any other statute not specifically excepted under paragraph (4)(a).
(b)1.
The office may, by order, revoke or suspend a licensee's approval to participate in the Financial Technology Sandbox if:
a.
The licensee has violated or refused to comply with this section, any statute not specifically excepted under paragraph (4)(a), a rule of the commission that has not been waived, an order of the office, or a condition placed by the Page 34 of 62 CODING:
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 office on the approval of the licensee's Financial Technology Sandbox application;
b.
A fact or condition exists that, if it had existed or become known at the time that the Financial Technology Sandbox application was pending, would have warranted denial of the application or the imposition of material conditions;
c.
A material error, false statement, misrepresentation, or material omission was made in the Financial Technology Sandbox application;
or d.
After consultation with the licensee, the office determines that continued testing of the innovative financial product or service would:
(I) Be likely to harm consumers;
or (II) No longer serve the purposes of this section because of the financial or operational failure of the financial product or service.
2.
Written notice of a revocation or suspension order made under subparagraph 1.
must be served using any means authorized by law.
If the notice relates to a suspension, the notice must include any condition or remedial action that the licensee must complete before the office lifts the suspension.
(c) The office may refer any suspected violation of law to an appropriate state or federal agency for investigation, prosecution, civil penalties, and other appropriate enforcement action.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 (d) If service of process on a licensee is not feasible, service on the office is deemed service on the licensee.
(11) RULES AND ORDERS.— (a) The commission shall adopt rules to administer this section before approving any application under this section.
(b) The office may issue all necessary orders to enforce this section and may enforce these orders in accordance with chapter 120 or in any court of competent jurisdiction.
These orders include, but are not limited to, orders for payment of restitution for harm suffered by consumers as a result of a an innovative financial product or service.
Section 520.135, Florida Statutes, is created to read:
520.135 Surrendered or repossessed vehicles.—The rights and obligations of parties with respect to a surrendered or repossessed motor vehicle are exclusively governed by part VI of chapter 679.
Section 6.
penalties.— (1) The following actions by a money services business, an authorized vendor, or a affiliated party that was affiliated at the time of commission of the actions constitute grounds for the issuance of a cease and desist order;
penalties.— (1) The following actions by a money services business, an authorized vendor, or a affiliated party that was affiliated at the time of commission of the actions constitute grounds for the Page 18 of 47 CODING:
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hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 issuance of a cease and desist order;
(b) Fraud, misrepresentation, deceit, or gross negligence Page 36 of 62 CODING:
(b) Fraud, misrepresentation, deceit, or gross negligence in any transaction by a money services business, regardless of reliance thereon by, or damage to, a customer.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 in any transaction by a money services business, regardless of reliance thereon by, or damage to, a customer.
(g) Failure to pay a judgment recovered in any court by a claimant in an action arising out of a money transmission transaction within 30 days after the judgment becomes final.
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hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 (g) Failure to pay a judgment recovered in any court by a claimant in an action arising out of a money transmission transaction within 30 days after the judgment becomes final.
(j) Failure by a money services business to remove an affiliated party after the office has issued and served upon the Page 37 of 62 CODING:
(j) Failure by a money services business to remove an affiliated party after the office has issued and served upon the money services business a final order setting forth a finding that the affiliated party has violated a provision of this chapter.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 money services business a final order setting forth a finding that the affiliated party has violated a provision of this chapter.
(n) Committing any act resulting in a license or its equivalent to practice any profession or occupation being denied, suspended, revoked, or otherwise acted against by a licensing authority in any jurisdiction for a violation of 18 U.S.C.
(n) Committing any act resulting in a license or its equivalent to practice any profession or occupation being Page 20 of 47 CODING:
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hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 denied, suspended, revoked, or otherwise acted against by a licensing authority in any jurisdiction for a violation of 18 U.S.C.
5324, or any other law or rule of another state or of the United States relating to a money services business, deferred presentment provider, or usury that may cause the denial, suspension, or revocation of a money services business or deferred presentment provider license or its equivalent in such Page 38 of 62 CODING:
5324, or any other law or rule of another state or of the United States relating to a money services business, deferred presentment provider, or usury that may cause the denial, suspension, or revocation of a money services business or deferred presentment provider license or its equivalent in such jurisdiction.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 jurisdiction.
(s)(r) Failure to inform the office in writing within 30 days after having pled guilty or nolo contendere to, or being convicted of, any felony or crime punishable by imprisonment of 1 year or more under the law of any state or the United States, or any crime involving fraud, moral turpitude, or dishonest dealing.
(s)(r) Failure to inform the office in writing within 30 Page 21 of 47 CODING:
(t)(s) Aiding, assisting, procuring, advising, or abetting any person in violating a provision of this chapter or any order or rule of the office or commission.
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hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 (u)(t) Failure to pay any fee, charge, or cost imposed or assessed under this chapter.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 days after having pled guilty or nolo contendere to, or being convicted of, any felony or crime punishable by imprisonment of 1 year or more under the law of any state or the United States, or any crime involving fraud, moral turpitude, or dishonest dealing.
(t)(s) Aiding, assisting, procuring, advising, or abetting any person in violating a provision of this chapter or any order or rule of the office or commission.
(u)(t) Failure to pay any fee, charge, or cost imposed or assessed under this chapter.
(aa)(z) Any practice or conduct that creates the likelihood of a material loss, insolvency, or dissipation of assets of a money services business or otherwise materially prejudices the interests of its customers.
Page 22 of 47 CODING:
(bb)(aa) Failure of a check casher to maintain a federally insured depository account as required by s.
560.309.
(cc)(bb) Failure of a check casher to deposit into its own federally insured depository account any payment instrument Page 40 of 62 CODING:
hb381-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB 381 2026 cashed as required by s.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 (aa)(z) Any practice or conduct that creates the likelihood of a material loss, insolvency, or dissipation of assets of a money services business or otherwise materially prejudices the interests of its customers.
(bb)(aa) Failure of a check casher to maintain a federally insured depository account as required by s.
(cc)(bb) Failure of a check casher to deposit into its own federally insured depository account any payment instrument cashed as required by s.
560.309.
120.60(6), The office shall issue an emergency order suspending may summarily suspend the license of a money services business if the office finds that a licensee poses an immediate, serious danger to the public health, safety, and welfare.
120.60(6), The office shall issue an emergency suspension order suspending may summarily suspend the license of a money services business if the office finds that a licensee poses a danger deemed by the Legislature to be an immediate and, serious danger to the public health, safety, and welfare.
The following acts are deemed by the Legislature to constitute an immediate and serious danger to the public health, safety, and welfare, and the office shall may immediately suspend the license of a money services business without making any further findings of immediate danger, necessity, and procedural fairness if:
(a) An emergency suspension order under this subsection Page 23 of 47 CODING:
(a) The money services business fails to provide to the office, upon written request, any of the records required by s.
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words underlined are additions.
hb381-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 381 2026 may be issued without prior notice and an opportunity to be heard.
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Action History

  1. Died in Commerce Committee; Companion bill(s) passed, see CS/CS/CS/SB 1452 (Ch. 2026-174)

  2. Now in Commerce Committee

  3. Reported out of Information Technology Budget & Policy Subcommittee

  4. Favorable by Information Technology Budget & Policy Subcommittee

  5. Added to Information Technology Budget & Policy Subcommittee agenda

  6. Now in Information Technology Budget & Policy Subcommittee

  7. Referred to Commerce Committee

  8. Referred to Information Technology Budget & Policy Subcommittee

  9. 1st Reading (Committee Substitute 1)

  10. CS Filed

  11. Laid on Table under Rule 7.18(a)

  12. Reported out of Insurance & Banking Subcommittee

  13. Favorable with CS by Insurance & Banking Subcommittee

  14. Added to Insurance & Banking Subcommittee agenda

  15. 1st Reading (Original Filed Version)

  16. Now in Insurance & Banking Subcommittee

  17. Referred to Commerce Committee

  18. Referred to Information Technology Budget & Policy Subcommittee

  19. Referred to Insurance & Banking Subcommittee

  20. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 162 not signed on

Sponsors (1)

  • Insurance & Banking Subcommittee

Co-sponsors (1)

Not signed on (162)

162 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Frequently asked questions

What does HB 381 do?
Office of Financial Regulation; Requires loan originators, mortgage brokers, & mortgage lenders & money services businesses to develop, implement, & maintain comprehensive written information security programs for protection of information systems & nonpublic personal information & to establish written incident response plans; provides requirements for notices of security breaches; revises list of actions by money services businesses which constitute grounds for disciplinary actions & penalties; provides requirements for emergency orders that suspend money services business licenses; provides that debit card transaction shall be treated same as cash transactions & prohibits redemption through credit card transaction; requires financial institutions to take measures to protect & secure certain data that contain personal information; provides requirements for notices of security breaches to office, DLA, certain individuals, & certain credit reporting agencies; revises timeline for mailing of payment for salary & travel expenses of certain field staff; revises requirements for permission to organize credit unions; removes provisions that impose limitations on investments in real estate & equipment for credit unions; revises requirements & factors for approving applications for organizing banks & trust companies; revises requirements for directors of certain banks & trust companies.
Who sponsors HB 381?
HB 381 is sponsored by Insurance & Banking Subcommittee and Barnaby, Webster (Republican).
What is the current status of HB 381?
This bill has passed the House. Introduced November 06, 2025. It now moves to the second chamber.
Where can I track HB 381?
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