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 in short timeframes. The resolution emphasizes the negative impact of these trends on low- and middle-income families, who face challenges in securing and maintaining homeownership, particularly in the wake of catastrophic weather events.

The resolution outlines several actions Congress could take to alleviate these issues, including investigating rising insurance premiums, negotiating fair rates with insurance carriers, implementing regulatory measures for transparency, 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.