Bill > HR301

This resolution directs the Legislative Budget and Finance Committee to conduct a comprehensive study examining the racial wealth disparity affecting Black residents in Pennsylvania, which is rooted in historical discriminatory practices such as slavery, Jim Crow laws, redlining, political disenfranchisement, and systemic economic barriers. The resolution highlights significant economic disparities, including Black families owning only 23 cents for every dollar of White family wealth, homes in Black neighborhoods being undervalued by 23%, and Black adults being twice as likely to be unbanked compared to White adults. The Legislative Budget and Finance Committee is tasked with investigating these issues and developing policy recommendations to reduce or eliminate the racial wealth disparity within the Commonwealth, with a requirement to report their findings and recommendations to the General Assembly within one year of the resolution's adoption. The underlying goal is to address generations of economic inequality and help build generational wealth in communities that have been systematically disadvantaged.

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https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=R&bn=301