Lowering CAR Insurance Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9916 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9916

 To require the Director of the Federal Insurance Office to submit an 
  annual report to the President and certain congressional committees 
   with respect to the automobile insurance industry, and for other 
                               purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             July 23, 2026

Ms. Lee of Nevada introduced the following bill; which was referred to 
                  the Committee on Financial Services

_______________________________________________________________________

                                 A BILL

 
 To require the Director of the Federal Insurance Office to submit an 
  annual report to the President and certain congressional committees 
   with respect to the automobile insurance industry, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Lowering Costs and Auto Rates for 
Insurance Act'' or the ``Lowering CAR Insurance Act''.

SEC. 2. ANNUAL REPORT WITH RESPECT TO THE AUTOMOBILE INSURANCE 
              INDUSTRY.

    (a) In General.--Section 313(n) of title 31, United States Code, is 
amended by adding at the end the following:
            ``(3) Automobile insurance.--The Director shall submit a 
        report on or before September 30 of each calender year to the 
        President and to the Committee on Financial Services of the 
        House of Representatives and the Committee on Banking, Housing, 
        and Urban Affairs of the Senate on the automobile insurance 
        industry that contains--
                    ``(A) legislative recommendations with respect to 
                lowering the cost of automobile insurance; and
                    ``(B) any other information with respect to the 
                automobile insurance industry as deemed relevant by the 
                Director or requested by such Committees.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date that is 90 days after the date of the enactment of 
this section.
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