This bill requires the Director of the Federal Insurance Office to submit an annual report to the President and Congress analyzing the automobile insurance industry and recommending ways to lower insurance costs. The report must be submitted by September 30 each year and should address legislative solutions for reducing auto insurance expenses, along with any other relevant information about the industry that the Director or Congress deems important. The requirement applies to the insurance industry and affects policymakers who oversee insurance regulation. The bill does not authorize any new funding or establish a specific budget for these reporting requirements. The reporting requirement takes effect 90 days after the bill is enacted into law.