Lowering CAR Insurance Act Lowering Costs and Auto Rates for...
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.
This bill, HB9916, proposes to have the Director of the Federal Insurance Office create an annual report about the automobile insurance industry. This report would then be sent to the President and specific congressional committees. The goal is to provide updated information and insights on the industry, which could help guide policy decisions.
The report would mainly affect the automobile insurance industry and the officials who read and respond to the report. By providing a detailed overview each year, the bill aims to keep these stakeholders informed about trends, challenges, and potential issues in the industry.
HB9916 was introduced on July 23, 2026, and has been referred to the House Committee on Financial Services. This means it is now under review by the committee, which will likely hold hearings and gather more information before deciding the next steps. As of now, no further actions have been taken on this bill.
