Bill > HB229

This bill establishes the Keystone Solvency Operating Study Commission, a legislative commission designed to analyze Pennsylvania's financial risks and potential economic vulnerabilities. The commission will consist of five members (one each appointed by the Governor, Senate President pro tempore, House Speaker, Senate Minority Leader, and House Minority Leader) tasked with examining critical financial issues such as unfunded pension liabilities, postemployment benefits, infrastructure project deferrals, and municipal and school district solvency concerns. The commission will conduct in-depth financial analysis, including studying insolvency proceedings in other jurisdictions like Puerto Rico, developing cash flow projections with best-case, expected-case, and worst-case scenarios, and identifying critical risk factors that could impact the Commonwealth's financial stability. The commission must produce a comprehensive report within 12 months of its first meeting, submitting findings to key legislative leaders and committees, and will be subject to open meetings and transparency laws. Members will serve without compensation, and the commission will expire 60 days after delivering its report, with the goal of providing crucial insights into Pennsylvania's long-term financial health and potential risks.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=229