This bill requires the Federal Insurance Office Director to submit an annual report to the President and Congress examining the automobile insurance industry, with a focus on ways to lower insurance costs for consumers. The report must be submitted by September 30 each year and should include legislative recommendations aimed at reducing automobile insurance costs, along with any other relevant information about the industry. The requirement applies to the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee. The bill takes effect 90 days after it becomes law. This legislation is designed to increase federal oversight and analysis of auto insurance pricing and market conditions.