Bill > HR3880

This bill, the Prohibit Auto Insurance Discrimination Act (PAID Act), prohibits private passenger automobile insurers from using certain income-related factors, such as education level, occupation, employment status, home ownership status, credit score, and previous insurer, to determine insurance rates and eligibility. The bill requires insurers to submit information to the Federal Trade Commission to demonstrate that their business practices do not have a disparate impact on protected groups. It also allows for enforcement actions by the FTC and consumers, as well as actions by state attorneys general. The bill aims to prevent automobile insurers from charging higher rates to lower-income drivers based on these income proxies rather than actual driving risk.