A Resolution 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.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This resolution directs the Legislative Budget and Finance Committee to conduct a study on the racial wealth disparity affecting Black residents in Pennsylvania. The study will examine the historical and ongoing factors contributing to this disparity, including slavery, discriminatory practices like redlining and Jim Crow laws, and unequal access to financial services. The committee is tasked with providing policy recommendations aimed at reducing or eliminating this wealth gap within one year.
Key provisions
- Directs the Legislative Budget and Finance Committee to conduct a study.
- Focuses the study on the racial wealth disparity affecting Black residents in Pennsylvania.
- Requires the study to examine historical and ongoing factors contributing to the disparity.
- Mandates the committee to provide policy recommendations.
- Sets a one-year timeframe for the committee to complete and report its findings.
- Specifically mentions examining the impact of slavery, redlining, and discriminatory policies.
- Requires the study to consider factors like banking access and credit scores.
Who is affected
- Black residents of Pennsylvania
- Pennsylvania residents experiencing racial wealth disparity
- The Commonwealth of Pennsylvania
Notable changes
- The resolution seeks to address a long-standing issue of racial wealth disparity.
Bill text
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Document of record
- Version
- Pn 2260 Html
- Published
- Not published in the source record
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
G. Roni Green
Cosponsors
Benjamin Sanchez
Jose Giral
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