Bill Text: FL S2070 | 2010 | Regular Session | Comm Sub
Bill Title: Public Record Exemptions/Financial Regulation [CPSC]
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2010-04-30 - In Messages; Died in Messages [S2070 Detail]
Download: Florida-2010-S2070-Comm_Sub.html
Florida Senate - 2010 CS for CS for SB 2070 By the Committees on Governmental Oversight and Accountability; and Banking and Insurance; and Senator Richter 585-04923-10 20102070c2 1 A bill to be entitled 2 An act relating to public records; creating s. 3 559.5558, F.S.; providing a public-records exemption 4 for information held by the Office of Financial 5 Regulation pursuant to an investigation of consumer 6 collection agencies; providing for future repeal and 7 legislative review of the exemption under the Open 8 Government Sunset Review Act; providing a statement of 9 public necessity; providing a contingent effective 10 date. 11 12 Be It Enacted by the Legislature of the State of Florida: 13 14 Section 1. Section 559.5558, Florida Statutes, is created 15 to read: 16 559.5558 Public-records exemption.— 17 (1) DEFINITIONS.—As used in this section, the term 18 “personal financial information” means: 19 (a) Information relating to the existence, nature, source, 20 or amount of a consumer’s personal income, expenses, and debt; 21 (b) Information relating to a consumer’s financial 22 transactions of any kind; or 23 (c) Information relating to the existence, identification, 24 nature, or value of a consumer’s assets, liabilities, or net 25 worth. 26 (2) INVESTIGATIONS.— 27 (a) Except as otherwise provided in this section, 28 information held by the office pursuant to an investigation of a 29 violation of this part is confidential and exempt from s. 30 119.07(1) and s. 24(a), Art. I of the State Constitution. 31 However, information made confidential and exempt pursuant to 32 this section may be disclosed by the office to a law enforcement 33 agency or another administrative agency in the performance of 34 its official duties and responsibilities. 35 (b) Such information is no longer confidential and exempt 36 once the investigation is completed or ceases to be active 37 unless disclosure of the information would: 38 1. Jeopardize the integrity of another active 39 investigation; 40 2. Reveal the personal identifying information of a 41 consumer, unless the consumer is also the complainant. In the 42 case of a complainant, the complainant’s personal identifying 43 information is subject to disclosure after the investigation is 44 completed or ceases to be active; however, the complainant’s 45 personal financial information remains confidential and exempt; 46 3. Reveal the identity of a confidential source; 47 4. Reveal investigative techniques or procedures; or 48 5. Reveal trade secrets, as defined in s. 688.002. 49 (c) For purposes of this section, an investigation shall be 50 considered active if the investigation is proceeding with 51 reasonable dispatch and the office has a reasonable good faith 52 belief that the investigation may lead to the filing of an 53 administrative, civil, or criminal proceeding or the denial or 54 conditional grant of an application for registration or other 55 approval required under this part. 56 (3) REVIEW AND REPEAL.—This section is subject to the Open 57 Government Sunset Review Act in accordance with s. 119.15 and 58 shall stand repealed on October 2, 2015, unless reviewed and 59 saved from repeal through reenactment by the Legislature. 60 Section 2. The Legislature finds that it is a public 61 necessity that information held by the Office of Financial 62 Regulation pursuant to an investigation conducted under part VI 63 of chapter 559, Florida Statutes, be confidential and exempt 64 from public-records requirements for the following reasons: 65 (1) An investigation conducted by the Office of Financial 66 Regulation may lead to the filing of an administrative, civil, 67 or criminal proceeding or to the denial or conditional granting 68 of a registration. The premature release of such information 69 could frustrate or thwart the investigation and impair the 70 ability of the office to effectively and efficiently administer 71 part VI of chapter 559, Florida Statutes. 72 (2) Information held by the Office of Financial Regulation 73 which is provided to a law enforcement agency or another 74 administration agency for further investigation needs to remain 75 confidential and exempt until the investigation is completed or 76 ceases to be active. Release of this information before the 77 completion of that investigation would jeopardize the integrity 78 of the investigation and impair the ability of other agencies to 79 carry out their statutory duties. 80 (3) Investigations frequently involve the gathering of 81 sensitive personal information, including financial information, 82 concerning complainants and consumers. The office may not 83 otherwise have access to this sensitive personal information but 84 for the investigation. Because of the sensitive personal nature 85 of the information gathered, if the individuals who are the 86 subject of such information are identifiable, the disclosure of 87 this information to the public could cause unwarranted damage to 88 the good name or reputation of the individuals, especially if 89 information associated with the individual is inaccurate. 90 Furthermore, if the individuals who are the subject of such 91 information are identifiable, public access to such information 92 could jeopardize the financial safety of such individuals by 93 placing them at risk of becoming the objects of identity theft. 94 (4) Releasing information identifying a confidential source 95 could jeopardize both the integrity of a current and future 96 investigation as well as the safety of the confidential source. 97 (5) Revealing investigative techniques and procedures could 98 allow a person to hide or conceal violations of law that 99 otherwise would have been discovered during an investigation. 100 This exemption is necessary for the office, as well as law 101 enforcement and other administrative agencies, in order for such 102 agencies to effectively and efficiently carry out their 103 statutory duties, which would be significantly impaired without 104 this exemption. 105 (6) A trade secret derives independent economic value, 106 actual or potential, from not being generally known to, and not 107 readily ascertainable by, other persons who can obtain economic 108 value from its disclosure or use. Without an exemption for a 109 trade secret held by the office, that trade secret becomes a 110 public record when received and must be divulged upon request. 111 Divulging a trade secret under the public-records law would 112 destroy the value of that property, causing a financial loss to 113 the person or entity submitting the trade secret. Release of 114 that information would give business competitors an unfair 115 advantage and weaken the position of the person or entity 116 supplying the trade secret in the marketplace. 117 Section 3. This act shall take effect on the same date that 118 CS for SB 1702 or similar legislation takes effect if such 119 legislation is adopted in the same legislative session, or an 120 extension thereof, and becomes law.
