This bill mandates that the Director of the Federal Insurance Office (FIO) submit an annual report concerning the automobile insurance industry. This report is due by September 30th of each calendar year and is to be provided to the President, the House Committee on Financial Services, and the Senate Committee on Banking, Housing, and Urban Affairs. The primary purpose of this annual report is to include legislative recommendations specifically aimed at lowering the cost of automobile insurance for consumers. Additionally, the FIO Director may include any other information deemed relevant or requested by the specified congressional committees regarding the auto insurance market. The requirement for this report will take effect 90 days after the bill's enactment.