Federal office would start yearly reports on car insurance to find ways to lower costs for drivers.
A new bill would require the Federal Insurance Office to create a yearly report on the car insurance industry. This report would go to the President and Congress, offering ideas on how to make car insurance more affordable for everyday drivers. The goal is to provide information that could lead to lower costs in the future.
Currently, the Director of the Federal Insurance Office is not required to submit an annual report specifically on the automobile insurance industry. If this bill becomes law, the Director would be required to submit such a report every year, including recommendations for lowering car insurance costs, to the President and specific congressional committees. This change would take effect 90 days after the bill is signed into law.
HR 9916 · 119th Congress · July 23, 2026 · AI Summary by gemini-2.5-flash · 9/10
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