Overview

STATE BUDGET
The state operates on an annual budget cycle. State agencies submit their requests to the Governor in October, and the Governor submits his or her proposed budget to the state Legislature in February. The Legislature adopts a budget by June 30. The fiscal year begins July 1. The Legislature is required to pass a balanced budget.
STATE LEGISLATURE
The General Assembly consists of a Senate with 50 members (elected for four-year terms) and a House of Representatives with 203 members (elected for two-year terms), making it the second-largest state legislature in the nation. The Assembly convenes at 12 o’clock noon on the first Tuesday of January each year, and both houses adjourn on November 30 in even-numbered years. Bills carry over from odd to even numbered years.
KEY RESOURCES
2025 LEGISLATIVE SUMMARY
Pennsylvania introduced several bills including SB708 and HB1266 which would require healthcare facilities to notify the Attorney General and Department of Health respectively, before entering into mergers, acquisitions or substantial asset transfers, and grant the AG the authority to investigate and conduct public hearings. The Department of Health would approve or deny acquisitions based on whether they will maintain accessible and affordable healthcare for local communities. HB1460 and SB322 would require healthcare entities to obtain state approval from the AG before engaging in changes in control of healthcare facilities. HB1371 would impose antitrust regulations by requiring healthcare entities to provide premerger notifications to the AG. SB754 would require hospitals to obtain permission from the AG before shutting down hospitals to ensure patient care and continuity.
Pennsylvania Laws
12 Pa. Cons. Stat. § 5301 through 5308: Uniform Trade Secrets Act – Pennsylvania
Introduced: Status: Enacted
Outlines the definitions, possible forms of injunctive relief, damages, awards of attorney fees, preservation of secrecy, statute of limitations, and the effect of the Act on other laws.
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15 Pa. Cons. Stat. §§ 311 through 320: Entity Transactions Law — Preliminary Provisions – Pennsylvania
Introduced: Status: Enacted
Governs preliminary provisions regarding entity transactions including the relationship of the chapter to other provisions of law, regulatory conditions and required notices and approvals for transactions, and excluded entities and transactions.
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15 Pa. Cons. Stat. §§ 331 through 336: Entity Transactions Law — Mergers – Pennsylvania
Introduced: Status: Enacted
Governs mergers between entities, specifically the plan of mergers, approval of mergers, amendment or abandonment of mergers, statement of merger, and the effect of mergers.
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15 Pa. Cons. Stat. §§ 341 through 346: Entity Transactions Law — Interest Exchange – Pennsylvania
Introduced: Status: Enacted
Governs interest exchanges between entities, specifically the plan of interest exchange, approval of interest exchanges, amendment or abandonment of interest exchanges, statement of interest exchange, and the effect of interest exchanges.
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15 Pa. Cons. Stat. §§ 351 through 356: Entity Transactions Law — Conversion – Pennsylvania
Introduced: Status: Enacted
Governs the conversion of an entity, specifically the plan of conversion, approval of a conversion, amendment or abandonment of a conversion, statement of conversion, and the effect of the conversion.
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