The bill, H. 3791, is a concurrent resolution from the South Carolina General Assembly that requests the United States Congress to address significant issues affecting property and casualty insurance markets nationwide. It highlights the increasing unaffordability of homeownership due to unsustainable premium hikes, with some homeowners experiencing increases of 100% or more. The resolution emphasizes the negative impact of these trends on low- and middle-income families, who face challenges in securing and maintaining homeownership, particularly following high-risk events that lead to policy cancellations.

The resolution outlines several actions Congress could take to mitigate these issues, including investigating rising insurance premiums, negotiating fair rates with insurance carriers, promoting transparency and accountability in the insurance industry, exploring federal assistance programs for struggling homeowners, and fostering collaboration between state and federal agencies to develop comprehensive strategies for communities affected by catastrophic events. The resolution concludes by requesting that copies be sent to key congressional leaders and South Carolina's Congressional Delegation.