FAIR RATES Act of 2018
Latest action · Jan 25, 2018 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 25, 2018
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 11
Members who signed on, in the order they did. Signatures ran from Jan 25, 2018 to May 9, 2018; 6 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NJ | Bonnie Watson Coleman | Original | Jan 25, 2018 |
| D-DC | Eleanor Holmes Norton | Original | Jan 25, 2018 |
| D-CA | Karen Bass | Original | Jan 25, 2018 |
| D-CA | Lucille Roybal-Allard | Original | Jan 25, 2018 |
| D-TX | Sheila Jackson Lee | Original | Jan 25, 2018 |
| D-TX | Vicente Gonzalez | Original | Jan 25, 2018 |
| D-OH | Marcy Kaptur | Jan 30, 2018 | |
| D-MA | Michael E. Capuano | Jan 30, 2018 | |
| D-MD | Jamie Raskin | Feb 7, 2018 | |
| D-LA | Cedric L. Richmond | Feb 13, 2018 | |
| D-CA | Zoe Lofgren | May 9, 2018 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jan 25, 2018 |
Actions 2
Everything that happened, newest first.
- Jan 25, 2018Introduced in House
- Jan 25, 2018Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 164, no. 18, January 25, 2018, page H629.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44958 | Insurance Regulation: Legislation in the 115th Congress Archived | Report | Oct 19, 2018 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2684 | FAIR RATES Act of 2019 | Reintroduced Bill | May 10, 2019 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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.
- Short Titles as Introduced
- FAIR RATES Act of 2018
- Fair Auto Insurance Ratemaking Reporting to Allow a Transparent Evaluation of Statistics Act of 2018
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Business records
- Census and government statistics
- Congressional oversight
- Finance and Financial Sector
- Government information and archives
- Government studies and investigations
- Inflation and prices
- Insurance industry and regulation
- Life, casualty, property insurance
- Motor vehicles
- Racial and ethnic relations
- Transportation costs
Text 1
Each version as it was printed, newest first.
- Jan 25, 2018Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
