Sponsor
Susie Lee
Representative · D-NV
Representative · D-NV
The bill increases federal study and reporting of the auto‑insurance market that could lower premiums and improve policymaking, but it raises administrative costs and risks federal‑state conflicts and distributional consequences if recommendations lead to regulatory changes.
Drivers and consumers (including middle‑class families) could pay lower automobile insurance premiums if the Director's recommendations lead to market or regulatory reforms.
Taxpayers, Congress, the President, state regulators, and insurers gain increased federal oversight, regular reporting, and clearer analysis of the auto‑insurance market, improving transparency for policymaking and enabling more coordinated responses across jurisdictions.
Taxpayers and the administering agency may incur higher administrative costs to prepare annual reports and analyses.
Insurers and state regulators could face regulatory uncertainty and higher compliance costs if federal recommendations conflict with existing state insurance rules.
Some drivers or insurers could be subject to new mandates or rate‑setting changes from recommended interventions, producing uneven distributional impacts across households and businesses.
Based on analysis of 2 sections of legislative text.
Requires the Director to submit an annual automobile insurance industry report with legislative recommendations to the President and key congressional committees.
Official title: 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.
Introduced July 23, 2026 by Susie Lee · Last progress July 23, 2026
Requires the Director (under 31 U.S.C. § 313) to produce an annual report on the automobile insurance industry that includes legislative recommendations to lower automobile insurance costs and any other relevant industry information. The report must be delivered to the President and the House Financial Services and Senate Banking Committees by September 30 each year. The requirement takes effect 90 days after enactment. The change simply adds an automobile insurance reporting duty to the Director's existing statutory responsibilities; it does not itself change insurance regulation, create new spending, or alter state insurance authority—it mandates information and recommendations to inform federal lawmakers and the President.