Lowering CAR Insurance Act
Latest action (23 Jul 2026): Introduced
What this bill does
H.R. 9916, the "Lowering CAR Insurance Act," would amend federal law to require the Director of the Federal Insurance Office to prepare and submit an annual report focused on the automobile insurance industry. This report would be due by September 30 each year and sent to the President, the House Financial Services Committee, and the Senate Banking, Housing, and Urban Affairs Committee. The report must include legislative recommendations aimed at lowering the cost of automobile insurance, along with any other information the Director considers relevant or that the committees specifically request.
The bill primarily affects the Federal Insurance Office, which would take on this new ongoing reporting duty, and the two named congressional committees, which would receive the information to inform potential future legislation. Indirectly, it could affect consumers and the auto insurance industry if the reports eventually lead to policy changes, though the bill itself does not set any insurance rates, regulations, or specific cost-reduction measures—it only creates a reporting and recommendation mechanism. The requirement would take effect 90 days after enactment.
The bill was introduced on July 23, 2026, by Rep. Susie Lee of Nevada and referred to the House Committee on Financial Services. As a newly introduced bill, it has not yet received a committee vote, floor vote, or further action, and would need to pass both the House and Senate and be signed by the President to become law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on July 23, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 9916 do?
- H.R. 9916, the "Lowering CAR Insurance Act," would amend federal law to require the Director of the Federal Insurance Office to prepare and submit an annual report focused on the automobile insurance industry. This report would be due by September 30 each year and sent to the President, the House Financial Services Committee, and the Senate Banking, Housing, and Urban Affairs Committee. The report must include legislative recommendations aimed at lowering the cost of automobile insurance, along with any other information the Director considers relevant or that the committees specifically request. The bill primarily affects the Federal Insurance Office, which would take on this new ongoing reporting duty, and the two named congressional committees, which would receive the information to inform potential future legislation. Indirectly, it could affect consumers and the auto insurance industry if the reports eventually lead to policy changes, though the bill itself does not set any insurance rates, regulations, or specific cost-reduction measures—it only creates a reporting and recommendation mechanism. The requirement would take effect 90 days after enactment. The bill was introduced on July 23, 2026, by Rep. Susie Lee of Nevada and referred to the House Committee on Financial Services. As a newly introduced bill, it has not yet received a committee vote, floor vote, or further action, and would need to pass both the House and Senate and be signed by the President to become law.
- Has H.R. 9916 become law?
- Not yet. As of 23 Jul 2026, H.R. 9916 is introduced.
- Who sponsored H.R. 9916?
- H.R. 9916 was sponsored by Rep. Susie Lee [D-NV3] (Democrat-NV), with 1 cosponsor.
- What's the latest action on H.R. 9916?
- Introduced (23 Jul 2026).
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