Lowering CAR Insurance Act

HR 9618, the "Lowering CAR Insurance Act," requires the federal government to issue an annual report on the automobile insurance industry. The report, due by September 30 each year, must include legislative recommendations for reducing auto insurance costs and other relevant industry data, and is submitted to the President and specific congressional committees (Financial Services and Banking committees). This bill does not directly change insurance rates or regulations but mandates a structured review to inform future policy decisions. It affects federal agencies responsible for compiling the report and Congress, which may use the findings to shape future legislation. The requirement becomes effective 90 days after the bill is enacted.