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PA HR301
Resolution
Status
9/4/2025
Primary Sponsor
Roni Green
Click for details
AI Summary
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Directs the Legislative Budget and Finance Committee to conduct a study examining the effects of racial wealth disparity on Black residents in Pennsylvania
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Requires the committee to provide policy recommendations on how to reduce or eliminate the racial wealth disparity in the Commonwealth
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Cites 2024 data showing Black families own approximately 23 cents for every $1 of White family wealth
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Notes homes in Black neighborhoods are undervalued by 23%, representing over $150 billion in lost wealth nationally (2021 data)
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Mandates the committee report findings and policy recommendations to the General Assembly within one year of the resolution's adoption
Legislative Description
Directing the Legislative Budget and Finance Committee to conduct a study that examines the effects of the racial wealth disparity on Black residents in this Commonwealth and provide policy recommendations on how to best reduce or eliminate the racial wealth disparity in this Commonwealth.
Last Action
Referred to Commerce
9/4/2025