Committee renews State Workers Insurance Board investment authority for four years
October 29, 2025 | Labor & Industry, House of Representatives, Legislative, Pennsylvania
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
The House Labor & Industry Committee favorably reported House Bill 1990, which would amend the fiscal code to extend the State Workers Insurance Board’s investment authority for an additional four years.
Committee staff member Ryan told the committee the board manages the State Workers Insurance Fund to provide a workers’ compensation option for Pennsylvania businesses and that the authority had last been extended in 2021 until Dec. 31, 2025.
Minority Chair Grove and other members indicated no opposition in the committee’s discussion. Committee leadership said the extension is typically handled in the fiscal code during the budget process but supported the bill so the board can continue investment activities and avoid moving assets into constrained accounts under current law.
The committee announced the bill would be favorably reported as committed. The transcript excerpt did not include a roll-call tally for this item.
Committee staff member Ryan told the committee the board manages the State Workers Insurance Fund to provide a workers’ compensation option for Pennsylvania businesses and that the authority had last been extended in 2021 until Dec. 31, 2025.
Minority Chair Grove and other members indicated no opposition in the committee’s discussion. Committee leadership said the extension is typically handled in the fiscal code during the budget process but supported the bill so the board can continue investment activities and avoid moving assets into constrained accounts under current law.
The committee announced the bill would be favorably reported as committed. The transcript excerpt did not include a roll-call tally for this item.
View full meeting
This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.
View full meeting