To require the Federal Insurance Office of the Department of the Treasury to conduct a study to identify disparities between communities in auto insurance costs and payout amounts based on the predominant racial makeup of such communities, and for other purposes.
USA115th CongressHR-4885| House
| Updated: 1/25/2018
Mark Takano
Democratic Representative
California
Cosponsors (11)
Marcy Kaptur (Democratic)Karen Bass (Democratic)Sheila Jackson Lee (Democratic)Michael E. Capuano (Democratic)Lucille Roybal-Allard (Democratic)Vicente Gonzalez (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Jamie Raskin (Democratic)Cedric L. Richmond (Democratic)Zoe Lofgren (Democratic)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Fair Auto Insurance Ratemaking Reporting to Allow a Transparent Evaluation of Statistics Act of 2018 or the FAIR RATES Act of 2018 This bill directs the Federal Insurance Office (FIO) of the Department of the Treasury to collect private passenger automobile insurance data from certain automobile insurers, federal and state agencies, or other intermediaries. FIO must report on any racial disparities in premium costs and claims payment amounts.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Business recordsCensus and government statisticsCongressional oversightGovernment information and archivesGovernment studies and investigationsInflation and pricesInsurance industry and regulationLife, casualty, property insuranceMotor vehiclesRacial and ethnic relationsTransportation costs
To require the Federal Insurance Office of the Department of the Treasury to conduct a study to identify disparities between communities in auto insurance costs and payout amounts based on the predominant racial makeup of such communities, and for other purposes.
USA115th CongressHR-4885| House
| Updated: 1/25/2018
Fair Auto Insurance Ratemaking Reporting to Allow a Transparent Evaluation of Statistics Act of 2018 or the FAIR RATES Act of 2018 This bill directs the Federal Insurance Office (FIO) of the Department of the Treasury to collect private passenger automobile insurance data from certain automobile insurers, federal and state agencies, or other intermediaries. FIO must report on any racial disparities in premium costs and claims payment amounts.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Mark Takano
Democratic Representative
California
Cosponsors (11)
Marcy Kaptur (Democratic)Karen Bass (Democratic)Sheila Jackson Lee (Democratic)Michael E. Capuano (Democratic)Lucille Roybal-Allard (Democratic)Vicente Gonzalez (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Jamie Raskin (Democratic)Cedric L. Richmond (Democratic)Zoe Lofgren (Democratic)
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business recordsCensus and government statisticsCongressional oversightGovernment information and archivesGovernment studies and investigationsInflation and pricesInsurance industry and regulationLife, casualty, property insuranceMotor vehiclesRacial and ethnic relationsTransportation costs