HR 8576
116th Congress
House
Finance and Financial Sector
Geography and mapping
Government information and archives
Government studies and investigations
Insurance industry and regulation
Life, casualty, property insurance
Motor vehicles
User charges and fees
PAID Study Act of 2020
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 9, 2020
Referred to the House Committee on Financial Services.
Oct 9, 2020
Introduced in House
Plain-English summary
Prevent Auto Insurance Discrimination Study Act of 2020 or the PAID Study Act of 2020
This bill requires the Government Accountability Office (GAO) to report on discrimination in private passenger automobile insurance coverage. Specifically, the GAO must report every two years on
- the use of non-driving related underwriting factors;
- controls and practices in use by insurers to prevent discriminatory pricing of coverage;
- how premiums are impacted by zip code, race, religion, and other factors; and
- state insurance regulatory oversight and enforcement regarding discriminatory pricing.
State insurance regulatory bodies must take into consideration these reports in establishing and approving premium rates for private passenger automobile insurance coverage.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1