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CFO Jimmy Patronis Applauds Governor Ron DeSantis on Signing FinTech Legislation, House Bill 1391

6/30/2020

For Immediate Release: Tuesday, June 30, 2020
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842

CFO Jimmy Patronis Applauds Governor Ron DeSantis on Signing FinTech Legislation, House Bill 1391

TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis released the following statement regarding Governor Ron DeSantis’ signing of House Bill 1391 relating to FinTech. The legislation, among other items, creates a Financial Technology sandbox within the Office of Financial Regulation for facilitating technological innovation.
 
Last year, Governor DeSantis and CFO Patronis announced their plan to pursue legislation to create a regulatory sandbox for FinTech companies in Florida. A “regulatory sandbox” strikes the balance of ensuring a stable market that protects consumers while creating an environment where companies are provided flexibility to operate and provide new types of products and services.
 
CFO Jimmy Patronis said, “Thank you to Governor DeSantis for signing this important piece of legislation today. Also, a big thank you to the bill sponsors, Representative Jamie Grant and Senator Travis Hutson, for their hard work and support to get this bill passed. As someone who’s run a small business, I know just how beneficial it is to our communities to attract high paying, technology-focused jobs. FinTech’s opportunities for Florida are limitless and the more we can do to create a regulatory environment that allows businesses to innovate and test new technologies, the more effective we’ll be at attracting technology jobs and investment to Florida communities.”
 
Representative Jamie Grant said, “I was honored to work with Governor DeSantis, CFO Patronis and many others to get these reforms and innovations passed into law. Revolutionizing the way we protect and use state data is critical to our future and a reality only because of the unselfish teamwork that made this bill a reality. I cannot wait to see the Florida Digital Service transform the way government delivers services and the FinTech environment flourish here in Florida.”
 
Senator Travis Hutson said, “Thank you to Governor DeSantis for signing the FinTech legislation today. Ensuring Florida remains a top destination for companies seeking opportunities to grow is one of my top priorities, and I was honored to sponsor this important bill.”
 
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About CFO Jimmy Patronis 
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).