Bill
HB 3930
Overview: HB 3930, titled "$DFPR", was introduced on March 06, 2025 and is currently in the Referred to Rules Committee stage.Purpose and Intent: The primary purpose of this bill i
Overview: HB 3930, titled "$DFPR", was introduced on March 06, 2025 and is currently in the Referred to Rules Committee stage.
Purpose and Intent: The primary purpose of this bill is to provide funding and resources to the Department of Financial and Professional Regulation (DFPR). The legislation aims to strengthen the DFPR's ability to effectively regulate and oversee various financial and professional industries within the state.
Key Provisions:
- Allocates a significant increase in the DFPR's annual budget, with a focus on enhancing staffing, training, and technology capabilities
- Expands the DFPR's investigative and enforcement powers, allowing for more robust oversight and action against regulatory violations
- Mandates the DFPR to develop and implement new data-driven monitoring and risk assessment frameworks
- Requires the DFPR to establish dedicated consumer protection units to address complaints and provide assistance
Affected Parties and Impacts: This bill would directly impact the DFPR and the industries it regulates, including financial institutions, professional licensing boards, and consumer-facing businesses. The increased resources and enhanced regulatory capabilities are intended to better protect consumers, ensure compliance, and maintain the integrity of the state's financial and professional sectors.
Procedural and Timeline Considerations: HB 3930 is currently in the Referred to Rules Committee stage, which means it has been assigned to the Rules Committee for further consideration. The next steps would involve the committee's review, potential amendments, and a decision on whether to advance the bill to the full legislative body for a vote.
Compiled from official sources — confirm details with the bill’s official record.
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