An Act amending Title 64 (Public Authorities and Quasi-Public Corporations) of the Pennsylvania Consolidated Statutes, in economic development financing, providing for Keystone National Finance Authority.
Senate Bill 323 creates the Keystone National Finance Authority, a new public entity intended to promote economic development and job creation across Pennsylvania and the United States. This authority aims to provide additional financing for a wide range of projects, including industrial, commercial, and agricultural activities, as well as infrastructure, transportation, energy, and housing developments. It is designed to issue bonds and engage in conduit financing to fund these projects, supporting community revitalization and business opportunities. The authority is intended to serve as a public instrumentality of the Commonwealth, complementing existing agencies.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2026
Senate Passage
Apr 2026
House Passage
Governor
Introduced Feb 26, 2025
Last action Apr 23, 2026
Maddy AI version diff · 1 comparison
What changed between versions
Printer's No. PN0254
→
Printer's No. PN1620
·
4 edits
MODERATE
The bill text was updated from an early draft (Printer's No. 254) to a later version (Printer's No. 1620) that includes new sponsors and a re-reporting status indicating amendments. Substantive changes include adding 'revitalization' to the bill's economic goals, expanding the definition of a 'Project' to include working capital and revenue streams, and increasing the initial term for a specific board member from 8 to 10 years.
Scope change
The bill's scope was expanded to include 'revitalization' of economic activities and 'working capital programs' as eligible projects, broadening the authority's operational capabilities.
DEFINITION
The definition of 'Project' was expanded to explicitly include working capital programs and various revenue streams, not just capital improvements.
REQUIREMENT
The word 'revitalization' was added to the list of economic activities the authority is intended to promote.
The initial term for one board member appointed by fellow board members was increased from 8 years to 10 years.
TECHNICAL
New sponsors (Costa and Picozzi) and a re-reporting status by Senator Martin were added to the header, reflecting legislative history.
Floor votes · Senate Apr 21, 2026
How they voted
40–8
Passed · 2 other
Total votes 50
Apr 21, 2026
D
Democratic23
86% Yea
R
Republican27
74% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
8
Key actions
3
Committee
4
Amendments
1
Apr 23, 2026
Committee
Referred to Finance
lower
Apr 21, 2026
Upper · Passed
Third consideration and final passage
upper
Apr 20, 2026
Upper · Passed
Re-reported as amended
upper
May 7, 2025
Committee
Re-referred to Appropriations
upper
Apr 1, 2025
Upper · Passed
Reported as committed
upper
Feb 26, 2025
Committee
Referred to Finance
upper
1 primary · 6 co-sponsors
Sponsors
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