Florida Banking April/May 2026

While this is the first in the nation legislation, there are no federal regulations in place, so we will have to wait and see if it is “substantially similar.” We will keep you updated. During the legislation’s journey through the committee process, we noticed a discrepancy that may have put Florida chartered trust companies at a disadvantage to these new issuers. Thankfully, the bill sponsors, Rep. Webster Barnaby and Sen. Colleen Burton, and the Office of Financial Regulation (OFR) agreed to our amendment for the bill. These are just four of the bills we worked on this Session. We also worked on legislation that passed, including foreign officers and legal tender to name a few. Then there were the bills in which we were engaged but did not pass: OFR’s legislative package, artificial intelligence, gift cards, Bank Owned Life Insurance (BOLI) and condominiums. We now await the assorted special sessions that will be headed our way throughout the summer. It is also campaign season. Stay tuned.

personal representatives to initiate legal proceedings to enforce their authority under the Florida Probate Code and to recover any associated costs, including attorney fees. The FBA was able to amend the language to require the personal representative to produce Letters of Administration to access a safe deposit box. This brings clarity to the bill and allows our members to rely on the Letters of Administration when granting access to a safe deposit box. Thanks to Sen. Bradley and Reps. Tuck and Fabricio for the legislation and our amendments. Stablecoins House Bill 175 establishes a regulatory framework for state qualified payment stablecoin issuers (“issuers”) of stablecoins that is “substantially similar” to the GENIUS Act. The legislation must go to the US Treasury when approved by the Govenor, to establish if it is “substantially similar” to the GENIUS Act and the corresponding federal regulations.

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