We have received text from H.R. 5612: Cost-of-Living Fairness Act. This bill was received on 2025-09-26, and currently has 11 cosponsors.
Here is a short summary of the bill:
This bill, titled the
Cost-of-Living Fairness Act
, aims to change how certain insurance payments are accounted for when determining a person's eligibility for federal benefits and assistance programs. Here are the main aspects of the bill:
Overview of the Bill
The bill proposes that payments made by individuals for specific types of insurance policies should be deducted from their income and resources when assessing their eligibility for assistance under federal programs or any state or local programs that use federal funds.
Types of Covered Insurance Policies
The bill defines
covered insurance policies
as follows:
- Motor Vehicle Insurance: This includes insurance policies for passenger motor vehicles registered under state law, either for the individual who pays for the policy or a household member.
- Property Insurance: This encompasses any insurance or products that protect against liability, loss of life, health issues, or property damage available to individual homeowners or renters based on their status.
- Flood Insurance: This applies to flood insurance policies for an individual's principal residence, including those issued under federal law, private flood insurance, or policies supplementing existing flood coverage.
Eligibility Determination Changes
Under this bill, when determining an individual's eligibility for federal assistance, the costs associated with these insurance policies will not count against their declared income. This could allow more individuals and families to qualify for federal support or receive a greater amount of assistance than they would have otherwise, as their reported income may appear lower with these deductions taken into account.
Implications
The bill aims to alleviate financial burdens for those paying for essential insurance policies, thereby potentially enhancing their eligibility for government benefits at a time when living costs may be rising. This could be particularly beneficial to low- and middle-income families who are balancing multiple expenses.
Administrative Aspects
The bill requires federal programs, as well as state and local programs that receive federal funding, to adopt this new method of calculating an individual’s income for the purpose of determining assistance eligibility.
Relevant Companies
- ALL (Allstate Corporation): As an insurance provider, changes in policy premiums could affect their customers' financial eligibility for government assistance, potentially influencing their policy sales.
- PHM (PulteGroup, Inc.): As a homebuilder, changes in flood insurance affordability could impact home sales, as potential buyers may be influenced by their possible insurance costs.
- PRU (Prudential Financial, Inc.): This company offers various insurance products that might see changes in demand as the bill could allow more households to qualify for financial assistance, impacting their insurance product sales.
Representative Rashida Tlaib Bill Proposals
Here are some bills which have recently been proposed by Representative Rashida Tlaib:
- H.R.5664: To establish the Artist Compensation Royalty Fund, and for other purposes.
- H.R.5612: Cost-of-Living Fairness Act
- H.R.5298: Tax Excessive CEO Pay Act of 2025
- H.R.4966: Stop Price Gouging in Grocery Stores Act of 2025
- H.R.4774: Fix Our Flooded Basements Act of 2025
- H.R.4152: Safe Storage Saves Lives Act
You can track bills proposed by Representative Rashida Tlaib on Quiver Quantitative's politician page for Tlaib.
Representative Rashida Tlaib Net Worth
Quiver Quantitative estimates that Representative Rashida Tlaib is worth $490.5K, as of October 3rd, 2025. This is the 395th highest net worth in Congress, per our live estimates.
Tlaib has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Rashida Tlaib's net worth on Quiver Quantitative's politician page for Tlaib.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
