119 HR 9916 IH: Lowering Costs and Auto Rates for Insurance Act U.S. House of Representatives 2026-07-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 9916IN THE HOUSE OF REPRESENTATIVESJuly 23, 2026Ms. Lee of Nevada introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo 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.

1.

Short title

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

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.