HB 2499 Pennsylvania House · 2025-2026 Regular Session

An Act amending the act of June 2, 1915 (P.L.736, No.338), known as the Workers' Compensation Act, in State Workers' Insurance Fund, further providing for investments by board.

This bill allows the Pennsylvania State Workers' Insurance Fund to invest up to 20% of its assets in equity investments, expanding its current authority which is limited to securities authorized for savings banks. The legislation directly affects the fund's management by permitting the Board of Directors to approve these higher-risk investments to potentially increase returns. All investments must be held by the State Treasurer, who will manage the collection of interest and principal payments based on the Board's authorization. The changes take effect 60 days after the bill becomes law.
Bill status passed 3 of 5 stages cleared
Introduction
May 2026
Committee Review
Jul 2026
House Passage
Jun 2026
Senate Passage
Governor
Introduced May 8, 2026 Last action Jul 9, 2026
Maddy AI version diff · 1 comparison

What changed between versions

Printer's No. PN3384 Printer's No. PN3559 · 2 edits
MINOR
The bill text was updated to reflect its progression through the legislative process, adding new sponsors and a committee report date. Substantively, the bill now explicitly requires that any investments made by the fund be governed by the 'Prudent Investor Rule' as defined in state law, adding a layer of financial oversight to the investment strategy.
Scope change
The bill's scope regarding investment standards was expanded by mandating compliance with the Prudent Investor Rule.
REQUIREMENT

Added a requirement that all fund investments must be made subject to the Prudent Investor Rule under 20 PA.C.S. § 7203.

TECHNICAL

Added new sponsors (Inglis and Neilson) and updated the document status to include a committee report date.

Floor votes · House Jun 30, 2026

How they voted

17328
Passed
Total votes 201
Jun 30, 2026
D Democratic102
102 Yea
100% Yea
R Republican99
71 Yea 28 Nay
71% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
10
Key actions
4
Committee
6
Amendments
1
Jul 9, 2026
Committee
Referred to Labor & Industry
upper
Jun 30, 2026
Lower · Passed
Third consideration and final passage
lower
Jun 30, 2026
Lower · Passed
Re-reported as committed
lower
Jun 29, 2026
Committee
Re-committed to Appropriations
lower
Jun 29, 2026
Lower · Passed
Re-reported as committed
lower
Jun 9, 2026
Committee
Re-committed to Rules
lower
Jun 9, 2026
Lower · Passed
Reported as amended
lower
May 8, 2026
Committee
Referred to Labor & Industry
lower
1 primary · 8 co-sponsors

Sponsors