The PROTECT Florida Act extends and expands the federal moratorium on oil and gas drilling off Florida's coast. The bill extends the existing Gulf of Mexico moratorium from 2022 to 2032 and establishes a new moratorium on the Atlantic coast off Florida (in the Straits of Florida and South Atlantic Planning Area) that runs through June 30, 2029. The legislation also prohibits the federal government from issuing permits for oil and gas exploration activities, including seismic testing, in these offshore areas during the moratorium periods. This bill affects the oil and gas industry, Florida's tourism and fishing communities, and coastal residents who depend on ocean resources. The bill requires no new federal funding as it simply restricts drilling permits rather than creating new programs or allocating money.