An Act establishing the Keystone Solvency Operating Study Commission; and providing for its powers and duties and for a report.

HB 229 establishes the Keystone Solvency Operating Study Commission to analyze Pennsylvania's financial risks, including unfunded pension liabilities, deferred infrastructure maintenance, and municipal/school district solvency concerns. The commission - appointed by the Governor and legislative leaders - will assess how financial stress could impact state obligations, develop 5-year cash flow projections under different economic scenarios, and identify critical risk factors for monitoring. It does not make policy changes but will provide a report to inform future budget decisions. The study focuses on preventing insolvency by examining lessons from other states and Puerto Rico's PROMESA framework. (125 words)